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BUSINESS
January 22, 2008 | From Times Wire Services
General Electric Co. said it was studying a possible deal with Spanish real estate firm Colonial. "To date, no decision has been made," Fairfield, Conn.-based GE said. GE, which already owns 1 billion euros, or $1.47 billion, worth of Spanish property assets, said it would need to study financial, legal and fiscal data regarding financially struggling Colonial.
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BUSINESS
May 26, 1992
Alpharel Inc. in Camarillo said it was selected by General Electric Co. to install a document-imaging system at the material services department of GE's nuclear energy unit. The award's value was not disclosed. The GE department handles customer orders and related business documents. This will be the third Alpharel imaging system provided to GE, Alpharel said.
BUSINESS
November 1, 2007 | From Times Wire Services
Peacock Equity, a venture capital fund owned by General Electric Co.'s commercial finance and NBC Universal divisions, said it made an investment in 4Info, a text-messaging and advertising company. 4Info will help GE's media division send targeted ads when users seek information or receive alerts using text messages, New York-based Peacock Equity said.
BUSINESS
July 28, 2007 | From Times Wire Services
General Electric Co. fired "a few" employees at its rail unit as part of the 2-year-old Securities and Exchange Commission hedge accounting probe. The workers helped accelerate transactions from 2000 through 2003 so the deals were recognized in the fourth quarters of those years rather than the subsequent year, GE said in a regulatory filing. Had they been appropriately recorded, profit would have been changed less than 0.2% each year, GE said.
BUSINESS
March 6, 2003 | From Bloomberg News
Conseco Finance Corp., the mobile-home lender that drove parent Conseco Inc. into bankruptcy protection, accepted a $1.01-billion takeover offer from CFN Investments and a General Electric Co. unit. CFN, a venture capital firm, will pay $700 million in cash and GE Consumer Finance will buy Conseco's Mill Creek Bank unit for $310 million in a transaction that must be approved by the Bankruptcy Court.
BUSINESS
October 13, 2004 | From Associated Press
General Electric Co. has joined forces with Honda Motor Co. to make and sell the Japanese automaker's jet engine, executives announced. The two companies have established a joint venture company, GE Honda Aero Engines, to manufacture Honda's HF118 turbofan engine. The new company will begin operating at the end of this year in Cincinnati, where GE Transportation's aircraft engine business is headquartered. GE shares rose 2 cents to $34.02 on the NYSE.
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