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Stock Market & Financial Investment News

News Breaks
April 8, 2014
08:03 EDTGEGE unit provides $50M loan for Illinois power plant
GE unit GE Energy Financial Services is providing a loan to investment firm Rockland Capital, LLC to support its acquisition of the gas-fired Elgin Energy Center in Illinois. Rockland Capital purchased the power generation facility, which sits on a 27-acre site 40 miles northwest of Chicago, as part of a larger acquisition earlier this year. GE Energy Financial Services is providing a $50M senior secured term loan that will be used in part to finance the Elgin acquisition and pay related fees and expenses. Further details of the transaction were not disclosed.
News For GE From The Last 14 Days
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October 30, 2014
17:16 EDTGEFlorida East Coast Railway acquires 24 new General Electric locomotives
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06:31 EDTGEGE in talks to sell stakes in South Korean finance JVs, WSJ reports
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06:29 EDTGEDHS says spies targeted control systems made by Siemens, GE, WSJ reports
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October 27, 2014
07:38 EDTGECyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:30 EDTGEInternational Economic Forum of the Americas to hold a forum
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October 24, 2014
06:38 EDTGEEU sets emissions, renewable energy targets, NY Times says
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October 22, 2014
08:39 EDTGESiemens sees catching up with rivals on sales growth in 2018, Reuters reports
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October 20, 2014
14:02 EDTGEGeneral Electric wins avionics, power systems for Gulfstream's G500/G600
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08:10 EDTGEGE Capital unit provides $45M credit facility to Bennett Hospitality
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08:09 EDTGEGE Capital is administrative agent on $50M financing for Bird Electric
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07:28 EDTGEGeneral Electric recent weakness a buying opportunity, says Argus
Argus said General Electric's price weakness offers a buying opportunity given strong new order trends, growing backlog of booked business, and reduced exposure to the financial services industry. Shares are Buy rated with a $31 price target.
05:38 EDTGEAres Management, GE Capital announce EUR 1B in commitments through ESSLP JV
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