General Electric (GE) to Double JV Presence in China by FY17
Tweet
Share
E-mailGet Alerts GE Hot Sheet
Join SI Premium – FREE
General Electric (NYSE: GE) shares are indicated for a modestly higher open Friday morning amid reports the company plans to significantly increase its presence in one giant emerging market over the next couple years.
According to reports out Friday morning, GE is looking to double the number of joint ventures its involved with in China to about 56. Comments were made by Global Operations head John Rice at an American Chamber of Commerce event in Hong Kong, Reuters noted.
GE currently is part of 28 joint ventures in China.
Shares are up about 0.4 percent ahead of the bell.
According to reports out Friday morning, GE is looking to double the number of joint ventures its involved with in China to about 56. Comments were made by Global Operations head John Rice at an American Chamber of Commerce event in Hong Kong, Reuters noted.
GE currently is part of 28 joint ventures in China.
Shares are up about 0.4 percent ahead of the bell.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Palo Alto's Arora Explored Acquiring Datadog - Information
- Senior Iranian Source To Reuters: An Agreement With Oman Over The Strait Of Hormuz Has Not Yet Been Finalised - Reuters
- Amazon Planning New Automated Warehouses - Insider
Create E-mail Alert Related Categories
Insiders' Blog, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
