GE Close to $2B Algeria Deal, Occidental Seeks Minority Partner, and 3 More Hot Stocks

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General Electric (NYSE:GE): GE is reportedly nearing a nearly $2 billion sale of turbines for six power plants to Algeria in what would be a major contract win for the company’s power-turbine business, which has been struggling as of late. Sonelgaz, an Algerian power firm, has been in negotiations with GE after being named the preferred bidder earlier this year to supply more than 8 GW of power; government approval is the final step.

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