General Electric Co.

GE plans stake sale in two South Korean finance JVs

General Electric Co is planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters, as the U.S. conglomerate continues to trim its exposure to the financial services sector.

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RadioShack reaches refinancing deal with Standard General

Cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday season, Bloomberg reported, citing a person familiar with the matter.

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GE to sell appliance business to Electrolux for $3.3 billion

General Electric Co (GE.N) said it has signed a definitive agreement to sell its appliance business to Electrolux AB (ELUXb.ST) for $3.3 billion.

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In quest for next windfall, tech funds look to healthcare

Some of the best-known technology investors are looking beyond their tried-and-true Internet plays to bet on healthcare data as the next growth market.

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GE unit to invest $24M in Welspun's solar power project in India

GE Energy Financial Services announced that it will invest $24 million in Welspun Renewables Energy Pvt Ltd's solar power project in Neemuch, India to help more people in the country have access to renewable energy.

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US firm GE's health care unit to purchase Thermo Fisher businesses for $1.06B

The healthcare unit of Connecticut-based conglomerate General Electric Co (GE) agreed to acquire several life-science assets from Pennsylvania-based laboratory firm Thermo Fisher Scientific Inc in a deal that totals $1.06 billion.

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GE unit to refund customers $34 million over deceptive practices

The U.S. consumer bureau on Tuesday ordered General Electric Co's GE Capital Retail Bank and one of its subsidiaries to refund up to $34.1 million to customers who it said were misled about healthcare credit cards.

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GE agrees to settle class action lawsuit on rigging municipal bonds for USD 18.25 million

General Electric Co agreed on a USD 18.25 million settlement of a class action lawsuit that accused the company of rigging bids for municipal bonds, according to a Reuters report.

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GE to continue manufacturing site project near Brazilian port

Multinational conglomerate General Electric Co. intends to proceed with its project to construct a manufacturing site near a port in Rio de Janeiro. The port is being built by LLX Logistica, which was formerly run by Brazilian petroleum titan Eike Batista.

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Global Infrastructure to exit Brisbane port stake to Cassie for AUD1 billion

Global Infrastructure Partners will sell its 27% stake in the Port of Brisbane to Cassie de Depot et Placement du Quebec for AUD1 billion (USD908 million). Cassie is the second-biggest pension fund in Canada.

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Russia's Sovcombank agrees on purchase of local GE Money Bank unit

General Electric decided to exit from its local banking unit for an undisclosed amount.

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APR Energy to expand in power rental via USD314 million GE unit acquisition

The acquisition of the GE Power & Water business by APR Energy Plc would also make General Electric Co a strategic investor in the temporary power provider.

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GE pays off Buffett's Berkshire Hathaway warrants

A payment of USD260.7 million was paid to Berkshire Hathaway for the exercise of its warrants from General Electric Co.

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Jim Rohr exits PNC to join GE

Former PNC Financial Services Group Chairman and CEO Jim Rohr had left the company to join General Electric Co. and was succeeded by Bill Demchak.

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GE may bid for Dresser-Rand, Dril-Quip - analysts

Analysts said that General Electric Co would be eyeing Dresser-Rand Group Inc. and Dril-Equip Inc as potential takeovers.

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