JEFFREY IMMELT, CEO of General Electric, bought 40,000 shares of General Electric (Stock Symbol: GE) at $25.04 per share for a total amount of $1 million on January 27th, 2014. Continue reading CEO JEFFREY IMMELT,General Electric Insider Buys $1 Million of Shares on January 27th 2014
Tag: GE
GE Planning To Spin Off Consumer Lending Business
Wall Street Journal, citing sources familiar with the matter said on Friday that General Electric Co. (NYSE: GE) is planning to spin off its U.S. consumer lending operations, which is a part of the finance unit of GE capital. The move comes as the conglomerate looks to shift its focus towards core competencies, which is manufacturing industrial goods. The report said that the conglomerate is concerned about its exposure to the banking sector. Wall Street Journal also said that the initial process to spin off its consumer lending arm though an initial public offer has already begun.
GE Shares Gain as Q2 Net Income Edges Up 0.9% (GE)
Diversified technology solutions provider, General Electric Company (NYSE: GE) said on Friday that fiscal second quarter profit rose 0.9% as it booked lower costs and expenses. Continue reading GE Shares Gain as Q2 Net Income Edges Up 0.9% (GE)
Major Movers on July 19; GE, GOOG, MSFT, AMD, CMG, WHR
Shares of General Electric Company (NYSE: GE) climbed about 4.60% by afternoon trade. The diversified technology solutions provider’s revenue and non-GAAP earnings slipped in the fiscal second quarter from the year earlier period; however, adjusted earnings beat Wall Street’s expectation. Continue reading Major Movers on July 19; GE, GOOG, MSFT, AMD, CMG, WHR
GE to Acquire Lufkin Industries (GE, LUFK)
General Electric Company announced on Monday that it has agreed to acquire oilfield services provider, Lufkin Industries Inc. (NASDAQ: LUFK), in deal estimated at about $ 3.38 billion.
Comcast to Acquire Remaining 49% Stake from GE at NBC Universal for $16.7 billion (CMCSA, GE)
Comcast Corp. (NASDAQ: CMCSA), on Tuesday, announced that it will acquire remaining 49% equity stake from General Electric Co. (NYSE: GE) in their NBC Universal joint-venture, which it does not already own, for about $16.7 billion.
Major Movers on January 18; LIFE, COF, INTC, MS, GE
Shares of Life Technologies Corp. (NASDAQ:LIFE) rallied on Friday. According to a report carried on Financial Post newspaper, the gene sequencing company has appointed Deutsche Bank AG and Moelis & Co for a strategic review, which could possibly result in company going private through a leveraged buyout (LB) or being acquired by larger industry players.
Continue reading Major Movers on January 18; LIFE, COF, INTC, MS, GE
GE Posts Strong Quarterly Profits
World’s largest jet engines and wind turbine manufacturer, General Electric Co. (NYSE: GE) posted better-than-expected fiscal fourth-quarter results as CEO Jeff Immelt’s deeper focus both on energy equipment business and emerging markets offset lackluster demand in the U.S and Europe.
General Electric Reports Q3 Results (GE)
Connecticut-based, one of the largest diversified Company that operates as a technology and financial services company worldwide, General Electric Co. (NYSE: GE) reported results for the third quarter of 2012 ended Sep 30, 2012.
Boeing Lands another Big Order at the Farnborough International Airshow (BA)
Boeing Co. (NYSE: BA), on Tuesday, confirmed that it landed another large order for its modified short-haul 737 aircraft at the Farnborough Airshow.
Continue reading Boeing Lands another Big Order at the Farnborough International Airshow (BA)