Word: ge
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...hard on Tuesday, like J.P. MorganChase & Co. and Citigroup, seemed to be heading up significantly, as was bellwether General Electric, which had seen its shares hit hard the last few months over its exposure to the credit crunch. By day's end, however, J.P. MorganChase was down slightly while GE and Citi managed only slim gains...
...July 22, General Electric announced a string of deals with the Mubadala Development Company, a government-controlled investment fund in the tiny Persian Gulf emirate of Abu Dhabi. Among other things, GE and Mubadala pledged to invest $8 billion in a joint venture to sell financial products in the Middle East and Africa. Ultimately, said Mubadala, it plans to be one of GE's 10 largest investors...
...funds, and those in such places as Kuwait, Saudi Arabia and Qatar, are part of an epochal shift in the economic balance of power toward the energy-rich Gulf. It helps that the downturn in the U.S. economy and the anemic dollar are offering up relative bargains. Shares in GE - the great symbol of American management prowess - have fallen by more than a quarter in the last year...
Sitting in his book-strewn office in the Collège de France opposite the Sorbonne, the white-haired Fumaroli is frank about the criticism. "The Friends of the Louvre is a milieu that is both cultured and demanding, and it easily gets into a bad mood," he says. There's particular concern about the way the museum is sending out its treasures. "Some think there is excessive exportation," is how he puts it - especially when money seems to be the primary motive...
...digital media company such as Google (which owns YouTube) or Apple. "The Weather Channel would add some icing to the cake," says Nicholas Heymann, an analyst for Sterne Agee & Leach. As syndication fees have evaporated and profit margins have thinned, TV companies have become less attractive assets. GE "has to start lighting a fire under its stock," notes Heymann...