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GE Money and Walmart prolong their partnership over credit cards

July 31, 2009 - 9:04am | News | Plastic cards
GE Money and Walmart prolong their partnership over credit cards

GE Money Retail Consumer Finance, a consumer lending unit of General Electric Company, launched a multi-year renewal of the Walmart credit card program for Walmart stores in the United States and Puerto Rico, and on walmart.com.

“GE Money has been a valued partner in helping us provide more ways for our customers to save in our stores and online,” said Jane Thompson, president of Walmart Financial Services.
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consumer credit | Credit card | GE Money | General Electric | retail | shopping | WalMart
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Citigroup and General Electric earn more and lose less

April 17, 2009 - 4:12pm | Banks and internet banks | News
Citigroup and General Electric earn more and lose less

The smallest loss since 2007 was reported by Citigroup Inc. The bank posted a first-quarter loss to common shareholders of $966 but before it earned $1.6 billion. A loss per share made up 18 cents instead of 34 cents which were predicted by analysts. A year ago, the company suffered a loss of more than $5 billion, or $1.03 a share. Shares rose 12 percent in pre-market trading.
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banking industry | Citigroup | first-quarter earnings | General Electric | pre-market trading
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Dow Jones is up above 7,000 again

March 13, 2009 - 3:24am | Figures | News
Dow Jones is up above 7,000 again

On Thursday the Dow Jones industrial regained above the 7,000 level. The market was led by gains in General Electric (GE) and General Motors (GM). While Standard & Poor's Ratings Services downgraded GE’s credit rating from AAA to AA+ its were 12% higher Thursday.

The Dow Jones industrial average finished higher by 239.66 points, or 3.46%, at 7,170.06. The S&P 500 index was up 29.38 points, or 4.07%, at 750.74.
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Dow Jones industrial average | General Electric | inventories | Stocks
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$10 billion FDIC-backed debt from GE's finance arm

January 6, 2009 - 8:48am | News | Other themes
$10 billion FDIC-backed debt from GE's finance arm

General Electric Co's finance arm has launched a $10 billion sale of FDIC-backed debt. It became the largest sale under the government guarantee program exceeding $9 billion from Bank of America that took place in December.

The program, Temporary Liquidity Guarantee (TLG), was created in November with the aim of filling a financing gap for banks.
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FDIC-backed debt | GE Capital | General Electric | Temporary Liquidity Guarantee
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