News and Reviews - Not all is bad news at the Wall Street. GE looks to be in hurry. After successfully negotiating with Warren Buffett to invest USD 3.00 Billion against Preferred Shares with 10% coupon (fixed interest), Jefferey Immelt and his team has managed to raise whooping USD 12.00 billion plus in last 24 hrs. This reflects that GE is hungry for Cash and why not? In the present troubled market of Corporate America, only companies with strong balance sheet and liquid cash will survive. The proverb that ‘BIG is STRONG’ no longer works at Wall Street as we have seen in case of Lehman Brothers / Bear Stern / Merrill Lynch / AIG / Fannie Mae / Freddie Mac / Wachovia etc. Click to read all ….

 

Tags: aaa rating, berkshire hathaway, ge, general electric, jeff immelt, jeffrey sprague, kathleen shanley, news and reviews, top american companies, warren e. buffett