Here is another batch of stock briefings which may affect stock trading as the
markets continue today. The following companies should see some movement:
General Electric Co. (NYSE:GE), Hewlett-Packard Co. (NYSE:HPQ), American
International Group (NYSE:AIG). Here is a more detailed look at the news that
will affect each company when trading continues. General Electric Co. (NYSE:GE)
General Electric (NYSE:GE) and CSR Corp., has planned to invest $50 million.
General Electric (NYSE:GE) and CSR Corp., has planned to invest $50 million in
their U.S.-based venture for supplying passenger trains for high-speed lines in
Florida and California. The rail venture confirms General Electric's (NYSE:GE)
Chief Executive Officer Jeffrey Immelt's goal of investing more than $1.5
billion in joint ventures in "key high-technology" sectors with China.
General Electric (NYSE:GE) Vice Chairman John Rice said "We are committed to
advancing the global high-speed rail technology market." Hewlett-Packard Co.
(NYSE:HPQ) Hewlett-Packard (NYSE:HPQ) has planned to invest more than $100
million in Australia. Hewlett-Packard (NYSE:HPQ) has planned to invest more than
$100 million in Australia into the building of a new site in NSW. The IT giant
has applied to develop a data centre complex on a whopping 134,000sq m of land
in Eastern Creek, NSW. Documents from Hewlett-Packard (NYSE:HPQ) said that The
layout and arrangement of infrastructure and services on the site will allow for
future development of the site for the purposes of a second data centre building
(or similar development). American International Group (NYSE:AIG) Primus has
formed a group to bid for American International Group's (NYSE:AIG) Nan Shan.
Transasia Airways Corp, Gold sun Development & Construction Co. and Primus
Financial Holdings Ltd., have formed a group to bid for American International
Group Inc.'s (NYSE:AIG) Nan Shan Life Insurance Co., reported by Commercial
Times. The exact financial figure has not been disclosed yet. American
International Group (NYSE:AIG) said Nov. 5 it waits to complete the sale of Nan
Shan within a year. Nan Shan, based in Taipei, was set up in July 1963 and was
bought by American International Underwriters Ltd., the property and general
insurance unit of AIG, in January 1970. The company has four million
policyholders. We could see more movement when trading continues for General
Electric Co. (NYSE:GE), Hewlett-Packard Co. (NYSE:HPQ) and American
International Group (NYSE:AIG).
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