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Wednesday, April 7, 2010 as of 11:14 AM ET

General Electric

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General Electric Company (), or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States.

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Brazil's Batista Courts New EBX Investor, Plans Coal Stake Sale

Brazilian billionaire businessman Eike Batista said Friday he is courting another potential investor for his sprawling business conglomerate, EBX Group, and is also looking to sell an equity stake in his new coal venture.

More partners are looking to invest in EBX, and one investor group in particular, which might be from Asia, is expected to invest around $500 million, Batista told reporters during an event to mark the listing of the new coal venture, CCX.On Thursday, General Electric Co. (GE) said it would invest $300 million for a 0.8% stake in EBX Group, becoming only the second investor to participate directly in Batista's main holding company. In March, Abu Dhabi's Mubadala Development Co. invested $2 billion for a 5.63% stake in EBX."After Mubadala showed faith in our project, and also after all the due diligence which GE has done, that helps reinforce the confidence of investors in us and also to attract more [investors]," Batista said.Friday saw the first day of trading of shar...

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    Rob Hardy, Geostrat.com founder and publisher, on the risks and rewards of doing business with Burma.

  2. Succeeding Against Economic Odds

    Jesse B. Mayer says she is determined to keep her designer bag collection manufactured in the U.S.

  3. Bove: J.P. Morgan Extremely Well-Managed

    Rochdale Securities bank analyst Dick Bove argues journalists and politicians are out to destroy J.P. Morgan.

  4. Google, General Electric Among Stocks Up on High Volume Wednesday

    Here are stocks that are up on high volume:Google (NASDAQ:GOOG) saw its price spike on above-average volume today, as 4.8 million shares, which is 2.4 times the stoc...

  5. Keeping Wine Consistently Tasty

    Chuck Wagner, Caymus Vineyards owner and winemaker, on what it’s like to have family members as colleagues.

  6. GE Capital Declares First Dividend Since '09 Financial Crisis

    FBN's Tracy Byrnes breaks down afternoon market news.

  7. Factory, Housing Data Boost Markets

    FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.

  8. GE Capital Cleared to Return Dividend to Parent

    The finance arm of General Electric (NYSE:GE) has been given clearance to start returning a portion of profit to its parent after taking a break for three years to f...

  9. Getting the J.P. Morgan Story Right

    Should I be surprised that the president doesn't have his facts straight? Should I be surprised that the president spoke this week about the J.P. Morgan (NYSE:JPM) h...

  10. GE Capital Reports First Quarterly Dividend Since 2009

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  11. GE To Buy Mining Supplier Industrea For About A$470 Million

    General Electric Co. (GE) has moved to bolster its footprint in the fast-growing mining equipment sector, agreeing to buy Australia's Industrea Ltd. (IDL.AU) for abo...

  12. WSJ: UPDATE: GE To Buy Mining Supplier Industrea For Almost $700 Million

    General Electric Co. (GE) agreed to buy Australia-based mining-equipment maker Industrea Ltd. (IDL.AU) for about A$700 million ($696.6 million), adding to its footpr...

  1. Obama’s Misleading Attack on Bain Capital

    Stuart Varney sounds off on Obama’s attack on Bain Capital.

  2. General Electric To Invest BRL500 Million In Brazil Technology Center

    General Electric Co. (GE) said Thursday it will invest 500 million reais ($245.5 million) in a research-and-development center in Rio de Janeiro.The center, which sh...

  3. Brazil's MPX Board Approves Sale Of BRL1 Billion In New Shares

    MPX Energia SA (MPXE3.BR, MPXEY), the Brazilian power company controlled by billionaire Eike Batista, said Thursday its board approved a 1 billion Brazilian real ($4...

  4. GE Says Acu Port Factory Almost Confirmed: Brazil Sales Growing 30%

    General Electric Co. (GE) expects to confirm within two months that it will set up a factory at Brazilian EBX Group's Acu port in Rio de Janeiro state, GE Latin Amer...

  5. General Electric To Pay $300 Million For Stake In Brazil's EBX Group

    General Electric Co. (GE) has agreed to pay $300 million to take a 0.8% stake in Brazilian industrial conglomerate EBX, which is owned by billionaire businessman Eik...

  6. GE Invests $300 Mln In EBX Group Unit In Brazil

    General Electric Co. said Thursday it will make a $300 million investment that "paves the way for increased collaboration" with EBX, a conglomerate run by Brazilian ...

  7. GE Says Operating Margin To Grow 30 To 50 Basis Points In 2012

    General Electric Co. (GE) Chief Executive Jeff Immelt said Wednesday that the conglomerate's industrial profit margin may not grow as much as expected this year, alt...

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