- CFO : 70% of charge is for GE Capital, sees loss provisions accelerating in 2008 to $7.2B
- Maintains commitment to triple A rating
- Says well positioned to return to double digit growth in 2010
- GE Capital targeting reduction in leverage in 2009 to 6:1
- Alternative funding, incl deposits to rise
- Headcount reductions expected in both fin services unit and industrial unit
- Is evalutating $5B contribution to GE Capital

Other headlines for [GE]

• EAD.FR Yesterday 06:19pm
  European Aeronautic Defence & Space Co. WSJ reports that Airbus' engine-stall issues prompted more international safety oversight- All engine stalls have been reported during power down post takeoff on narrow body (A319, A320 and A321) more...
  
• Yesterday 04:25pm
  (US) Medicare has proposed expanding PET scans as cancer diagnostic tool- U.S. health officials proposed paying for wider use of PET scans to help doctors decide the initial course of treatment in more...
  
• GSZ.FR Yesterday 01:56am
  GDF Suez CEO Mestrallet: Seeks roll in building French nuclear facilities, wishes to become player in nuclear industry- Sees lower industrial demand for power in 2009 - Energy sector will be less affected by more...
  
• GE 1/5/2009 01:52pm
  General Electric Co GE Capital launching $10B four-part, FDIC-backed note sale- Reminder: Earlier this morning, GE Capital said it would sell 2 and 3.5 year fixed rate, FDIC backed notes
  
• GE 1/4/2009 07:23pm
  General Electric Co Universal Pictures sold its Rogue Film's unit to Relativity Media for an estimated $150M - WSJ- Rogue Pictures is a film label that produces and distributes lower-budget films.
  

Industrials sector headlines

• JBLU Today 02:07pm
  JetBlue Airways Corp Reports Dec Load Factor 79.4% v 76.8% y/y- RPMs -1.8% y/y - ASMs -5.1% y/y
  
• FR.FR Today 01:28pm
  Valeo SA Moody's lowers Long term rating cut to Ba1 fom Baa3; now junk status; affects €1.1B worth of debt
  
• NSANY Today 01:24pm
  Nissan Motor Co., Ltd Announces recall of 243K trucks and SUVs due to airbag sensor issues
  
• DAL Today 01:19pm
  Delta Air Lines Inc Reports Dec load factor 80.1% v 77.7% y/y- ASMs 9.78M (+0.7% y/y) - RPMs 12.2M (-2.4% y/y)
  
• CAE Today 01:12pm
  Cascade Corp. Hearing downgraded to underperform from neutral rating at DA Davidson (timing uncertain)