Tuesday, December 7, 2010

Early Market News: General Electric Co. (NYSE:GE), Hewlett-Packard Co. (NYSE:HPQ), American International Group (NYSE:AIG)

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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