We are Sorry, This Page doesn't Exist
GE"s WMC Mortgage unit, felled by financial crisis, files Chapter 11 bankruptcy
General Electric Co on Tuesday put the remnants of its WMC Mortgage unit into bankruptcy, 11 days after paying a $1.5 billion U.S. fine over defective subprime mortgages issued by WMC before the 2008 financial crisis......»»
GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages
General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. probe into defective subprime mortgages from its former WMC Mortgage unit prior to the 2008 global financial crisis......»»
General Electric agrees to pay $1.5 billion civil penalty
CNBC's Dom Chu reports on the settlement reached between General Electric and the Department of Justice. General Electric agreed to pay a $1.5 billion penalty for allegations related to subprime lending unit.....»»
GE to pay $1.5 billion civil fine over subprime mortgages
General Electric will pay a $1.5 billion civil fine to resolve a long-running U.S. investigation into defective subprime mortgages offered by its former WMC Mortgage unit prior to the 2008 global financial crisis......»»
GE to pay $1.5 billion U.S. civil fine over subprime mortgages
General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. investigation into defective subprime mortgages offered by its former WMC Mortgage unit prior to the 2008 global financial crisis......»»
GE nears $20 billion deal to sell transportation unit to Wabtec: report
General Electric Co. is close to a deal to sell its transporta.....»»
GE"s transportation unit to merge with Wabtec in a deal valued at $11.1 billion
Shares of General Electric Co. surged 2.0% in premarket trade Monday, after the industrial conglomerate agreed to merge its GE Transportation unit with rail opera.....»»
GE to merge transportation unit with Wabtec in $11.1 billion deal
(Reuters) - General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business......»»
GE sells transportation unit for $11 bln
General Electric confirmed it was unloading the bulk of its transportation business which makes train engines to Wabtec, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11 billion. Aleksandra Michalska reports......»»
GE to merge transportation unit with Wabtec in $11.1 billion deal - Reuters
ReutersGE to merge transportation unit with Wabtec in $11.1 billion dealReuters(Reuters) - General Electric Co (GE.N) announced a $11.1 billion deal on Monday to merge .....»»
GE Nears Deal to Sell Industrial-Engines Unit
General Electric is nearing a deal to sell a unit that makes large industrial engines to private-equity firm Advent International for $3 billion or more, people familiar with the matter said......»»
GE nearing deal to sell industrial engines unit to Advent: WSJ
(Reuters) - General Electric Co is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter......»»
GE reportedly near deal to sell industrial engines unit to Advent
General Electric Co (GE.N) is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter......»»
General Electric Company (NYSE:GE) nearing deal to sell industrial engines unit to Advent
General Electric Company (NYSE:GE) nearing deal to sell industrial engines unit to Advent General Electric Co GE.N is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, Th.....»»
GE Agrees to Sell Industrial-Engines Unit
General Electric agreed to sell a unit that makes large industrial engines to private-equity firm Advent International for $3.25 billion, a move that would bring in needed cash for the struggling conglomerate......»»
Advent takes over GE distributed power unit for $3.25 billion
NEW YORK/FRANKFURT (Reuters) - U.S. buyout group Advent agreed to buy General Electric Co's distributed power unit for $3.25 billion, the companies said on Monday, marking GE's exit from a growing segment of the power business......»»
$7 Billion Linked to 1MDB Flowed Through Global Financial System
Around $7 billion originating from Malaysian state investment fund 1MDB and its former unit flowed through the global financial system between 2009 and 2015, the Swiss attorney-general said......»»
General Electric says regulators expand probe into power unit writedown
General Electric Co said the U.S. Securities and Exchange Commission had expanded its probe of GE's accounting to include a $22.8 billion writedown of goodwill from GE's power division......»»
GE speeds plan to raise $4 billion cash, lifts sagging shares
General Electric Co plans to raise $4 billion in needed cash by year end, the company said on Tuesday, speeding its planned sale of a stake in oilfield services unit Baker Hughes ......»»
GE to spin off transportation unit on February 14
General Electric Co said on Monday it would spin off its transportation business on Feb. 14 and that it expects to distribute 8.7 billion shares of the unit to its shareholders......»»