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General Electric Company


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Stocks drop 3 percent on jobs and energy

NEW YORK, Dec. 5, 2008 (Reuters) — The Dow and S&P 500 fell by 3 percent on Friday, as a bleak jobs report showed a further deterioration of the U.S. economy. ...  > full story

Global stocks resume decline

LONDON, Dec. 3, 2008 (Reuters) — A tentative rebound in global stocks spluttered on Wednesday while euro zone government bond yields hit a three-year low as gloomy economic news highlighted the case for more aggressive interest rate cuts in Europe this week. ...  > full story

GE shares soar on plan to scale back finance arm

BOSTON, Dec. 2, 2008 (Reuters) — General Electric Co said on Tuesday it plans to scale back its hefty finance arm and repeated that it will pay its regular dividend next year, sending shares up 13.6 percent, their biggest one-day percentage gain in more than a quarter century. ...  > full story

South Korea LG Elec says no plan to acquire GE unit

SEOUL, Nov. 27, 2008 (Reuters) — South Korean handset and electronics maker LG Electronics <066570.KS> said that it had no plan to acquire GE's home appliance unit, ending months of speculation it could be one of the main suitors for the business. ...  > full story

Obama says long haul ahead

LONDON, Nov. 22, 2008 (Reuters) — President-elect Barack Obama said on Saturday he was crafting a two-year plan to fight an economic crisis of "historic proportions" and Chinese leader Hu Jintao said his country was ready to play a big role in the global effort. ...  > full story

GE says not seeking sovereign-wealth investment

NEWTON, Massachusetts, Nov. 20, 2008 (Reuters) — General Electric Co said on Thursday it has no intention of raising additional capital from sovereign-wealth funds. ...  > full story

GE in talks with Asian sovereign funds: FTD

FRANKFURT, Nov. 20, 2008 (Reuters) — General Electric Co is holding talks with sovereign wealth funds to win them over as anchor shareholders, the Financial Times Deutschland reported on Thursday, quoting GE's head of international operations. ...  > full story

GE embraces blogs, some see disclosure worry

BOSTON, Nov. 19, 2008 (Reuters) — General Electric Co has quietly changed the way it communicates with Wall Street over the past month, using a company blog, GEReports.com, to share news with investors. ...  > full story

GE plans $2 billion in finance arm cuts next year

BOSTON, Nov. 18, 2008 (Reuters) — General Electric Co said on Tuesday it planned to cut costs by $2 billion next year at its finance arm, GE Capital, which has dragged lower the U.S. conglomerate's results as a result of the global credit crunch. ...  > full story

Genworth in deal to buy bank, seeks TARP money

NEW YORK, Nov. 17, 2008 (Reuters) — Life and mortgage insurer Genworth Financial Inc said on Sunday it applied for capital under a U.S. government program, after reaching a deal to buy a bank, bringing it under federal regulation. ...  > full story
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