General Electric (NYSE:GE) has announced that the company is ready to invest $2 billion in China, in technology and financial service ventures as well as research centers. It is expected that it will give 1000 or more job opportunities. The company will invest $1.5 billion in ventures for electric grid management and $500 million on product development and customer innovation centers.
Equity indexes continued their modest selloff as traders take some profits off the table while looking for the next catalyst following a two-month rally built on the expectation for, and confirmation of, the Federal Reserve's latest bid to rev up the economic recovery.
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