GENERAL ELECTRIC

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SPX, India's Thermax in JV for pollution control

Diversified U.S. manufacturer SPX Corp and Indian engineering firm Thermax Ltd will jointly make air pollution control systems in India, in a venture that could bring in annual revenues of up to $100 million in five to 10 years.

Wellstream sees worse second half, shares crash

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Shares in British oil services group Wellstream (WSML) fell sharply after it said its second half will be worse than expected, as funding constraints and oil price volatility force producers to delay contracts.
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Epic GE accounting case ends with $50 million fine

After a four year government investigation, General Electric Co. will pay a $50 million fine over its alleged misuse of hedge fund accounting which in one case, regulators said allowed GE to avoid missing analysts' earnings expectations.
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GE shares up, U.S. lawmaker sees no breakup

General Electric Co shares climbed more than 7 percent on Thursday after a powerful U.S. lawmaker said he saw no great need for the largest U.S. conglomerate to spin off its finance arm.
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GE shares up after word Capital spin-off unlikely

General Electric Co shares climbed 5 percent on Thursday after a powerful U.S. lawmaker suggested a planned financial regulatory overhaul would not force the largest U.S. conglomerate to spin off its hefty finance arm.
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Futures gain on profit optimism, GE upgrade

Stock index futures rose on Thursday following another string of stronger-than-expected quarterly corporate profits, a broker upgrade for General Electric Co , and fresh indications that the global economic downturn is easing.
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Futures rise on profit optimism; GE upgraded

Stock index futures rose on Thursday following another string of stronger-than-expected quarterly corporate profits, including from Visa Inc , and fresh indications that the global economic downturn is easing.
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GE says finance arm on track to hit March targets

General Electric Co's finance arm is navigating the current recession more or less as it had predicted in March and does not expect to turn to investors for more capital, company officials said on Tuesday.
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GE says finance arm performing as expected

General Electric Co said on Tuesday most of its finance portfolio was performing as it had expected, and it does not anticipate having to raise additional capital to carry it through the current downturn.
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GE, Plutonic get extension on wind farm purchase

Plutonic Power Corp and partner GE Energy Financial Services have been granted more time to finish a due diligence investigation into their planned purchase of a distressed wind farm project in Western Canada, they said on Monday.
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Honeywell profit meets estimates, trims forecast

Diversified U.S. manufacturer Honeywell International Inc reported a 38 percent drop in earnings that matched Wall Street's forecasts and cut its full-year profit forecast to the bottom of its prior range.
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GE Capital pulls back from debt program

General Electric Co has received approval to step back from a U.S. government-backed debt program, a change that the largest U.S. conglomerate said will allow it to issue some debt more cheaply.
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GE Capital gets green light to quit government program

General Electric Co said on Wednesday its finance arm has been cleared to exit the government's Temporary Liquidity Guarantee Program, in a show of strength as rival business lender CIT Group Inc faces possible bankruptcy.
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GE revenue trails estimates, CEO lowers outlook

General Electric Co warned investors that the economic contagion that has dragged down its finance and media businesses has spread to its heavy industrial units, prompting Chief Executive Jeff Immelt to lower his profit forecast for those businesses.

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