GE Capital rattles its European rivals with stealth growth

Article Abstract:

GE Capital Corp., the financing arm of General Electric Co., has made remarkable strides in Europe, flustering home-grown financial institutions. Accumulating European assets worth a total of $53.7 billion since it entered the continent in 1986, the company is into a wide range of businesses. This willingness to spread itself on a wide area of business concerns has been the key to the company's remarkable growth. By relentlessly acquiring companies along its way, the company has a presence in over 21 business lines in 21 countries in Europe.

Comment:

Has made remarkable strides in Europe, flustering home-grown financial institutions

Europe, Business Credit Institutions, All Other Nondepository Credit Intermediation, Commercial finance companies, General Electric Capital Corp., Article

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Bavaria confirms Viag, Veba held merger talks

Article Abstract:

Viag AG and the German state of Bavaria acknowledged that the company was engaged in negotiations over a possible merger with Veba AG. Both firms are major utility companies. A potential Viag and Veba merger could have a possible value of approximately $15 billion (14.07 billion euros). The negotiations are currently in an "informal and informational" stage.

Diversified Companies, Germany, Electric Power Generating, Electric Power Generation, Electric utilities, Abstract, Veba AG, Viag AG, Bavaria, Germany

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EU countries face tough decisions

Article Abstract:

European Union governments will have to make tough decisions that will determine the future of the euro-zone economy. The EU will consider bold tax initiatives. Pensions could also play a role in improving economic confidence in the union.

Management dynamics, Management, Economic aspects, Economic conditions, Pensions, European Union, Taxation, Company business management, Company business planning

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