Tuesday, July 07, 2009

GE Heading South.....

Here's an article where GE is trying to get out of one of its commitments. Here is a paragraph from the article:

Greenbrier also said it believes that General Electric (GE.N) is in breach of its obligations under a contract between the companies. Through Sept. 30, GE is accepting 414 rail cars lesser than agreed.

As well, Boone Pickens has a boatload of wind turbines on order FROM GE.....but he currently doesn't have the land to install them.

GE is down after hours........and likely heading south.