General Electric to Sell WMC Mortgage, a Subprime Loan Unit
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General Electric is getting out of the subprime mortgage market by selling WMC Mortgage, the company announced on Thursday.
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Commercial bank North Fork Bancorp Inc. said Friday that it agreed to sell manufactured housing finance unit GreenPoint Credit LLC to Green Tree Servicing LLC.
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A unit of the industrial, financial and media conglomerate General Electric Co. said Wednesday it will buy the water treatment company Ionics Inc.
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Bank of America Corp on Friday said it agreed to acquire struggling mortgage lender Countrywide Financial Corp for about $4 billion  (2.04 billion pounds) in stock, a move that could help avert one of the biggest collapses in the U.S. housing crisis.
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General Electric Co.'s  energy unit will pay $603 million for a controlling stake in Regency Energy Partners LP , an owner of natural gas pipelines and processing equipment.
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General Electric Co. will sell a majority stake in its global outsourcing business to two US-based equity firms in an all-cash deal totaling $500 million, the industrial, financial services and media conglomerate said Monday.
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[Business India]: New Delhi, Nov 8 : General Electric Co., the world&#39;s top conglomerate, today announced that it has sold a majority of its pioneering Indian back-office unit to two private equity firms for 500 million dollars to help the subsidiary gain
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NEW DELHI: General Electric Co. plans to sell a majority stake in its Indian call-centre unit to General Atlantic Partners LLC and Oak Hill Capital Partners for US$500mil to help the business gain new customers.
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Global credit squeeze undermining private sector sale of mortgage lender
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Merrill Lynch & Co Inc. ,  expected to report billions of dollars on mortgage losses, said  on Monday it plans to sell most of its Chicago-based capital  lending business to General Electric Co's  commercial  finance arm.
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General Electric Co., the world&#39;s biggest non-bank lender, will buy Australian Financial Investments Group for about $300 million to boost its share of that nation&#39;s mortgage market, people familiar with the plan said.
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General Electric Co. said Monday it will sell 60 percent of GE Capital International Services, its global outsourcing business, to General Atlantic Partners and Oak Hill Capital Partners, two US-based equity firms, for $500 million.
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General Electric Co.&#39;s  energy  unit will pay $603 million for a stake in Regency Energy  Partners LP , an owner of natural gas pipelines and  storage equipment, The Wall Street Journal Online reported on  Tuesday.
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Merrill Lynch & Co Inc , buffeted by huge write-downs of mortgage-related securities, said on Monday it would sell most of its middle-market lending business to General Electric Co's  commercial finance arm in a deal to free up capital.
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General Electric Co. GE.N on Monday  said it would buy a fire detection systems business from SPX  Corp. SPW.N for nearly $1.4 billion in cash in a move to  bolster its building and security systems unit.
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DETROIT, March 13  â The General Motors Acceptance Corporation, the former financing arm of the General Motors Corporation, said on Tuesday that it would receive $1 billion more from G.M. under the terms of its spinoff and warned that it would be affected by the weakening market for mortgages.
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General Electric Co.'s  WMC Mortgage unit is laying off 460 staffers across the United States, representing about 20 percent of its work force, spokeswoman Brandie Young said on Friday.