Why Does GE (GE) Need To Raise More Money?
November 20, 2008 by Douglas A. McIntyre
After paying dearly for money from the likes of Warren Buffett, why would GE (GE) need more cash?
It appears that the big conglomerate is looking, which may not be especially good news for investors.
According to Bloomberg, "General Electric Co., down 61 percent this year in New York, is seeking funds from China Investment Corp., Government of Singapore Investment Corp. and at least two other sovereign-wealth funds. Talks are also being held with Temasek Holdings Pte of Singapore and China Safe Investments Ltd."
Douglas A. McIntyre
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