GE In Talks With Kenya Power and 2 Dow Movers Demanding Investor Attention
Wal-Mart Stores (NYSE:WMT) will open 100 stores during the next three years in China, which actually marks a slowdown from its earlier growth pace in that country. The stores will contribute some 18,000 jobs to the current number of 100,000 in China, says the Wall Street Journal.
Exxon Mobil Corporation (NYSE:XOM) executive Nicholas Mockford, who had had a lengthy career with the firm, was killed in front of his wife on a street in Brussels, according to the Wall Street Journal.
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General Electric Company(NYSE:GE) is collaborating with the government of Kenya and industry there to develop 1,000 megawatts of power in that country and is also in discussions with Kenya Power Ltd. in regards to a power-purchase agreement. Jay Ireland, president and chief executive officer for Africa, estimated that the power projects will likely be developed over five to 10 years, but gave no dollar amount for the partnership through which GE will supply tech and equipment.