Rochester,NY 7/9/2009 12:40:47 AM
News / Finance

Afternoon Movers - GE - Stimulus cash to boost $400 bln water market-panel - Sourced WhisperFromWallStreet.com

General Electric Co.

Afternoon Movers - GE - Stimulus cash to boost $400 bln water market-panel - Sourced WhisperFromWallStreet.com

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General Electric Co. GE

After Hours: 10.74  -0.27 (-2.45%)  1:36pm ET

Economic stimulus cash flowing into the water sector will make this nascent $400 billion market an attractive alternative to traditional equity markets, a panel of water market experts said on Wednesday.

Water shortages are on the rise, stemming from soaring demand, growing populations and rising living standards, and compounded by climate change.

"Water scarcity is one of the biggest challenges facing humanity ... and climate change will magnify all the pressures, all the weaknesses in the water cycle," said David Lloyd Owen, managing director of water advisory company Envisager.

"Investing in water infrastructure has become one of the key responses to the financial crisis," he added, speaking at an Investing in Water seminar in London.

About

General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aeroderivative turbines; generators; and combined cycle systems, as well as provides water treatment services and equipment. This segment also sells surface and subsea drilling and production systems, floating production platform equipment, compressors, turbines, turboexpanders, and high pressure reactors to national, international, and independent oil and gas companies; and offers equipment overhauls and upgrades, pipeline inspection and integrity services, remote diagnostic and monitoring, and contractual service agreements.

Last Trade:      10.74
Day's Range:  10.55 - 11.06
52wk Range:      5.87 - 30.39
Volume:      88,092,606   

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