Update 3: GE to Sell Stake in Global Outsourcing Unit
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General Electric Co. said Monday it will sell a majority stake in its global outsourcing business to two US-based equity firms for $500 million.
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Citigroup Inc.&#39;s CitiCapital unit said Monday it is selling its transportation finance business to GE Commercial Finance, a unit of General Electric Co.
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HONG KONG, Sept. 11 /Xinhua-PRNewswire-FirstCall/ -- Global Sources' (NASDAQ-GS: GSOL) Third Bi-Annual China Supplier Survey shows that 70 percent of mainland China manufacturers plan to raise export prices in the next 12 months -- up from 63 percent at the end of the second half of 2005.
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General Electric Co. (GE.N: Quote, Profile, Research) on Monday said it would buy the Edwards Systems Technology business from SPX Corp.
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General Electric is selling a 60% stake in its business process outsourcing subsidiary in India, for about $500m (Â£270m). GE was one of the first multinational companies to outsource back-office work, datacentre
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Diversified manufacturer General  Electric Co. GE.N on Friday said it boosted its quarterly  dividend by 10 percent and earmarked up to $15 billion for  share repurchases over the next three years.
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(InfoWorld) - General Electric has selected Indian outsourcing company HCL Technologies to set up and operate GE's development centers in India and China. HCL, of Noida, near Delhi, will set up and operate the centers over three years, HCL said on Monday. It declined to give specifics, but such centers often develop software for use internally by companies. Many multinational companies have tapped Indian expertise for setting up development centers, hiring staff and managing these centers. Under the build-operate-transfer (BOT) model, for example, the Indian partner sets up the facility, hires staff, and manages the development work for the foreign company until it decided to make the operation its own subsidiary. British insurance company AvivaÂ announced last month that by January 2008 it will move over 5,000 business process outsourcing (BPO) staff from Indian service providers to Aviva Global Services, its offshore division in India. The company had executed BOT agreements with its suppliers. GE, of Fairfield, Connecticut, already outsources software development to a number of Indian outsourcing companies, including Tata Consultancy Services and Satyam Computer Services.
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General Mills Inc. GIS.N on  Monday said it will sell an $835 million stake in its cereal  business to an affiliate of Lehman Brothers Holding Inc.  LEH.N and use the money to buy back 16.5 million of its  common shares from Diageo Plc DGE.L.
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A General Electric (nyse: GE - news - people ) subsidiary announced it would acquire the transportation financing unit of Citigroup (nyse: C - news - people ) in a cash deal worth approximately $4.4 billion.
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General Electric Co., the world&#39;s top conglomerate, said on Monday it had sold a majority of its pioneering Indian back-office unit to exit a non-core business
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US giant General Electric sells a majority stake in its Indian outsourcing arm for $500m to two private equity firms.
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G.E. said it agreed to sell its advanced materials business for about $3.8 billion and use the income to expand its industrial division.
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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The real estate arm of diversified   conglomerate General Electric Co. GE.N agreed on Wednesday to   buy a $2.2 billion portfolio of U.S. industrial, residential   and commercial properties, but said it would sell some retail   properties to another investor.
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LONDONâWPP Group PLC, the London-based advertising giant, said yesterday it was buying US-based Grey Global Group Inc. in a $1.52 billion (US) cash and stock deal.
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New Delhi, November 8: General Electric Co said on Monday it had sold a 60 per cent stake in its pioneering Indian business process outsourcing unit for $500 million, making it the largest deal in the country&#39;s booming back-office industry.
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General Mills Inc. GIS.N on  Monday said it would sell an $835 million stake in its cereal  unit to a private equity group and use the money to buy back  part of Diageo Plc's DGE.L 20 percent interest in the  company.