Merrill Sells Lending Unit to General Electric
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Bracing for billions of mortgage losses in the fourth quarter, Merrill Lynch said it planned to sell most of its middle-market lending business to General Electric.
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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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General Electric plans to sell its WMC Mortgage sub-prime lending business that it bought in 2004.
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DTE Energy Co. , a utility holding company, said it plans to sell a 50 percent stake in some industrial and power projects to a unit of General Electric.  for $805 million.
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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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Merrill Lynch & Co Inc  shored up its capital base by as much as $7.5 billion after selling a stake to Singapore's government and an asset manager, and unloading much of a lending business, as it wrestles with huge subprime mortgage losses.
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General Electric Co. (GE.N: Quote, Profile, Research) , the world&#39;s top conglomerate, said on Monday it had sold a majority of its pioneering Indian back
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Swiss Re  said General Electric  would divest its stake worth around 3.5 billion Swiss francs ($2.9 billion), selling half to Swiss Re and placing the other half in the market.
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Mitsubishi Motors Corp. said it will sell $2 billion of auto loans to Merrill Lynch &amp; Co. as part of a plan to help the automaker reduce debt.
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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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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 Motors Corp.  on Thursday  said it reached a deal to sell its Allison Transmission unit  for $5.6 billion to private-equity firms Carlyle Group and Onex  Corp.
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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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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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US giant General Electric sells a majority stake in its Indian outsourcing arm for $500m to two private equity firms.
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El Paso Corp., the natural gas pipeline giant, on Wednesday said it entered into an agreement to sell its interest in subsidiaries that supply power to Public Service Electric &amp; Gas Co.
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General Motors Corp., the world's largest automaker, will sign an agreement this week to sell its money-losing locomotive unit to two private U.S. equity groups, sources familiar with the negotiations said on Tuesday.