General Electric Company ( GE - Analyst Report ) announced an agreement with CSR Corporation Limited (CSR) to advance high-speed and other rail technologies in the U.S.

The investment is of $50 million with the capacity to create 250 jobs by 2012, at the end of the first phase of the agreement.

The collaboration is aimed at supplying high-speed rail (HSR) passenger trains for the proposed U.S. HSR corridors in Florida and California.

GE is engaging with CSR to make available technologically advanced, fuel-efficient and low-emission diesel-electric, heavy-duty locomotives in China.

GE has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like service business.

Infrastructure businesses from GE are helping build the energy, health, transportation and technology infrastructure of the new century. These businesses provide the products and services that help developing regions participate in the global economy, while also helping developed regions upgrade with cleaner, more efficient and better infrastructure technologies.

Financial business at GE offers an array of products and services aimed at enabling commercial businesses, consumers and markets worldwide to build a stronger and financially secure future.

The company has adopted strategic imperatives to strengthen its portfolio by building strong growth platforms and generating cash from low-return businesses. Its focus remains on accelerating organic growth and achieving technical and service excellence, while building enduring customer relationships around the world.

GE has products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content and industrial products. Since its incorporation in 1892, the company has developed or acquired new technologies and services that have broadened considerably the scope of its activities. United Technologies Corporation ( UTX - Analyst Report ) is a major competitor.

We currently have a 'Neutral' recommendation on GE.