Finance

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GE's finance arm launches $10 billion FDIC-backed debt (Washington Post) NEW YORK (Reuters) - General Electric Co's finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government guarantee program since its inception last November. Mehta Integrated Finance Q1 Net Surges (Nasdaq) (RTTNews) - Mehta Integrated Finance stated that the net profit for the first quarter ended November 30, 2009 surged to Rs.37.60 lakh from Rs.9.90 lakh in the same quarter last year. Total income soared to Rs.40.00 lakh from Rs.12.30 lakh in the year ago quarter. Finance, resource sectors drive market higher (Australian Broadcasting Corporation) Strong gains in the finance and resources sectors throughout the afternoon have pushed the Australian share market higher. Home finance firms need Rs 40,000 crore (Business Standard India) Twenty-one housing finance companies (HFCs) have assessed their fund requirements during the fourth quarter at around Rs 40,000 crore. G-7 Finance Chiefs, Central Bankers to Meet in Rome Feb. 13-14 (Bloomberg) Jan. 5 (Bloomberg) -- Finance ministers and central bankers from the Group of Seven nations will convene in Rome on Feb. 13 and Feb. 14, the Italian Treasury said.