ADVFN - Advanced Financial Network.
HOME» NYSE » G » GE Stock Price » GE Stock News

Gen Electric Share News

 General Electric Stock Price
GE Stock Price
 General Electric Stock Chart
GE Stock Chart
 General Electric Stock News
GE Stock News
 General Electric Company Information
GE Company Information
 General Electric Stock Trades
GE Stock Trades

US Rep Hoyer Predicts Substantial Democratic Votes For Ex-Im Bank Renewal

By Corey Boles Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- House Minority Whip Steny Hoyer (D., Md.) expressed confidence that most House Democrats would vote for a compromise agreement he reached with House Majority Leader Eric Cantor (R., Va.) to renew the mandate of the U.S. Export-Import Bank. The bank is a federal agency that helps U.S. companies sell goods abroad--particularly large manufacturers like Boeing Co. (BA), Caterpillar Inc. (CAT) and General Electric Co. (GE). It provides loan guarantees and limited insurance to foreign firms buying U.S. made goods. After weeks of talks, Cantor and Hoyer reached an agreement that would renew the bank's authority for three years and gradually increase its financing cap to $140 billion over that period. The House is set to vote on the measure Wednesday under an expedited process that requires two-thirds of the House to vote for the legislation. By opting for this vote tactic, Hoyer and Cantor better hope that the Maryland Democrat is correct. With several dozen Republicans expected to vote against the bank's extension over concerns it represents over reach by the federal government, substantial Democratic support will be needed to get the bill through the House. -By Corey Boles, Dow Jones Newswires; 202-862-6601; corey.boles@dowjones.com

Stock News for Gen Electric (GE)
DateTimeHeadline
03/03/201512:59:11Jeff Immelt's Crude Problem
02/26/201517:24:56Citigroup to Back Proxy Access for Investors-Update
02/23/201515:27:45EU Opens Probe Into GE, Alstom Deal
02/23/201513:39:49EU Opens In-Depth Probes Into Company Deals
02/19/201522:59:44Hillary Clinton's Complex Corporate Ties

Gen Electric and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad