GE recalls 92,000 microwave ovens
CNN Money
General Electric said Wednesday it was recalling 92,000 microwave combo wall ovens due to fire hazard.
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PHH ends deal to be sold to Blackstone, GE unit
CNN Money
PHH Corp. said Tuesday that it has given a notice of termination to General Electric Capital Corp., a unit of General Electric Co., of their merger agreement of March 15, between the PHH and GECC.
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Why GE's in trouble
CNN Money
When Warren Buffett went to bed at his Omaha home on the evening of Tuesday, Sept. 30, he asked his wife, Astrid, to wake him in the morning at 6:55 a.m. He had an important call coming in. By 7:30 the call was over. Buffett walked into the kitchen, still wearing an old robe he likes, and announced to a breakfast visitor that he had agreed to send General Electric $3 billion of Berkshire Hathaway money in return for a new issue of preferred stock and warrants allowing Berkshire to buy an equal amount of common stock over the next five years.
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