GE Releases Optimistic Guidance for 2011

Helped by the expansion of its industrial business, General Electric expect to boost its revenue in fiscal 2011, CEO Jeff Immelt said in a presentation to investors Tuesday.
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GE Agrees to Buy Wellstream for $1.3 Billion

General Electric Co. (GE) will buy Wellstream Holdings Plc (WSM), a British oilfield-services provider focused on the Brazilian market, for 800 million pounds ($1.3 billion).

The deal is worth 786 pence per share of Wellstream, including a 6 pence sp…

General Electric Raises Dividend 17%

GE raised its quarterly dividend 17% on Friday, the second time the company has raised it this year.
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General Electric Raises Dividend 17% ori…

China’s CSR Corp. May Bid For U.S. Rail Projects

CSR Corp., China’s largest train maker, may bid to build high-speed train lines in Florida and California as part of a joint venture with General Electric Co (GE).

The companies may also place bids for east coast rail projects, CSR Chairman Zhao Xia…