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General Electric Co

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  • WASHINGTON, June 30- President Barack Obama said on Tuesday that the U.S. Congress "is taking a step backward" by failing to renew the charter for the Export-Import Bank and instead letting it lapse at midnight. "He said the White House would be working hard to get this corrected," said Don Nelson, president of Pro-Gauge Technologies Inc., a Bakersfield, California,...

  • WASHINGTON, June 30- The U.S. Export-Import Bank will stop new loans and insurance activities at midnight on Tuesday, the White House said in a statement, a lapse it said could hurt exports and jobs and benefit rivals such as China. "When Ex-Im lapses, China and other foreign rivals will pick up the slack, putting American businesses and American workers at a...

  • June 30- The head of General Electric Co's finance unit said on Tuesday he expects the pace of GE Capital asset sales to accelerate in the third quarter as part of the U.S. conglomerate's move to become a more focused industrial manufacturer. "It took us a while to get these businesses and the data and the transactions in the marketplace," GE Capital Chief Executive...

  • GE to sell European private equity financing unit Tuesday, 30 Jun 2015 | 10:00 AM ET
    GE General Electric

    General Electric said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp.

  • June 30- Wall Street was set to open higher on Tuesday, a day after the Dow and the S&P 500 registered their worst session since October, as investors hoped Greece would strike a last-minute deal to avoid an exit from the euro zone. Greece is hours away from defaulting on a 1.6 billion euro repayment to the International Monetary Fund. U.S. corporations have limited...

  • Early movers: PNR, CAG, GE, FIT, JUNO, GM & more Tuesday, 30 Jun 2015 | 7:57 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • TOKYO, June 30- General Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial...

  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • June 29- Japan's Sumitomo Mitsui Banking Corp is nearing a deal to buy General Electric Co's European private-equity finance unit, a source with direct knowledge of the matter told Reuters. The deal was first reported by the Wall Street Journal, which said it could be announced as soon as Tuesday. A Sumitomo Mitsui spokesman said nothing specific has been...

  • MBIA and AMAG are big market movers Monday, 29 Jun 2015 | 4:27 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. MBIA Inc., down $1.95 to $6.37. National Bank of Greece, down 31 cents to 97 cents.

  • Entrepreneurs await fate of Ex-Im Bank Monday, 29 Jun 2015 | 12:02 PM ET

    The government-backed Export-Import Bank, which helps small businesses overseas, may not be able to do new business soon.

  • TORONTO, June 29- General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion, moving it a step further in its plan to shed financial assets. The sale is part of a plan unveiled in April to divest about $200 billion in GE Capital assets as it moves away...

  • Element to buy GE Capital's fleet ops for C$8.6B Monday, 29 Jun 2015 | 9:29 AM ET
    General Electric GE

    Canada's Element Financial said it will buy General Electric's fleet management operations.

  • Early movers: NBG, JPM, M, GCI, TWTR & more Monday, 29 Jun 2015 | 7:52 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on June 8, 2015 in New York City.

    Some of the names on the move ahead of the open.

  • FAIRFIELD, Conn.— General Electric Co. is selling its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corp. for $6.9 billion. GE recently announced it would sell most of GE Capital over the next two years for about $26.5 billion. GE Capital Chairman and CEO Keith Sherin said in a written statement that the company is on track to sell off...

  • June 29- Canada's Element Financial Corp said it will buy General Electric Co's fleet management operations in the United States, Mexico, Australia and New Zealand for C $8.6 billion in cash. The sale would be part of a plan it unveiled in April to divest about $200 billion in GE Capital assets as it moves away from finance and focuses on manufacturing industrial...

  • Wacky leadership ideas that worked Saturday, 27 Jun 2015 | 7:00 AM ET
    Trust fall exercise in office

    If it all began with Dale Carnegie, it's come a long way since then. Here are 5 of the uncommon leadership methods tied to big successes.

  • BRUSSELS, June 27- General Electric will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro bid for Alstom's power unit at a hearing, the U.S. conglomerate said on Saturday. The move came after the European Commission warned the company earlier this month that the deal, its biggest ever and a key element of its expansion into...

  • TORONTO/ NEW YORK, June 26- Canada's Element Financial is close to buying a large chunk of General Electric Co's vehicle fleet-management business in a deal that could be sealed as early as the end of June, three sources familiar with the matter said on Friday. The sale would be part of a plan it unveiled in April to divest about $200 billion in GE Capital assets as it...

  • Congress this week gave Obama "fast-track" power to speed the agreement through Congress. Microsoft Corp, International Business Machines Corp, AT&T Inc and Intel Corp see exports of digital services, such as software and technology consulting, rising in Asian markets. The deal would eliminate a 25 percent tariff on pickup trucks made in Japan and southeast...