Stock Market & Financial Investment News

News Breaks December 12, 2012 09:56 EDT ABB, GE JPMorgan to host a tour Industrials Tour travels throughout North and South Carolina to visit with ABB, Ltd and General Electric--GE on December 12. News For ABB;GE From The Last 14 Days Check below for free stories on ABB;GE the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 21, 2013 10:33 EDT GE Boeing confirms completion of 747-8 test flight Subscribe for More Information 08:44 EDT GE Regulators to soon vote on non-banks, WSJ reports Subscribe for More Information May 20, 2013 07:05 EDT GE General Electric volatility flat into plans to return $18B to holders Subscribe for More Information 06:31 EDT GE GE Capital board plans to pay $6.5B of dividends to parent GE in 2013 GE announced that the board of GE Capital Corporation, or GECC, had approved plans for GECC to pay $6.5Bin dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. GECC paid the first-quarter earnings-dividend of $447M to GE on April 19, 2013. In addition, GECC plans $4.5B in special dividends to GE in 2013, subject to the same approvals. Under its balanced capital allocation plan of investing for its long-term growth, maintaining an attractive dividend pay-out and repurchasing stock, GE plans to return $18B cash to its shareholders in 2013, including repurchase of $10B of stock. May 16, 2013 05:33 EDT ABB ABB downgraded to Neutral from Buy at Citigroup Subscribe for More Information May 15, 2013 17:30 EDT GE GE, Boeing warn of defective engine parts, WSJ reports General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link 17:03 EDT GE Soros gives quarterly update on stakes NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). 07:33 EDT GE National Association of Business Economics to hos a conference Subscribe for More Information May 14, 2013 07:23 EDT GE Oppenheimer to host a summit Subscribe for More Information 07:11 EDT GE China XD in talks to purchase GE’s Prolec joint venture, Bloomberg reports Subscribe for More Information 06:09 EDT GE On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: North American oil production will dominate world-wide supply growth over the next five years, the International Energy Agency predicted today, the result of growing production from "fracking" and other technologies that access once-inaccessible reserves, the Wall Street Journal reports...REUTERS: Investors are becoming increasingly selective about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning, Reuters reports...State-run Air India Ltd will resume flying its Boeing (BA) 787 Dreamliner passenger jets tomorrow, nearly four months after the planes were grounded due to safety concerns. Air India has six Dreamliners and has ordered 21 more, Reuters reports...BLOOMBERG: China XD Group, a state-controlled power equipment maker, is in talks to buy GE’s (GE) joint venture with Mexico’s Xignux SA for about $1B, sources say, Bloomberg reports...Philadelphia Fed President Charles Plosser said today in Stockholm that a slowing in U.S. inflation to the lowest rate in more than three years doesn’t warrant a Fed policy response, Bloomberg reports. May 13, 2013 07:50 EDT ABB ABB Chief Technology Officer Banerjee to follow CEO Hogan in leaving ABB announced Chief Technology Officer, Prith Banerjee, has decided to leave ABB for family reasons. Banerjee will be leaving ABB in the next few weeks and a date for his departure has not yet been decided, the company said. Banerjee will be relocating to the United States where he will be taking another position outside the company and a successor will be announced in due course, ABB added. Note that the company also said May 10 that Chief Executive Officer Joe Hogan has decided to leave for private reasons, though Hogan will continue to lead ABB until a successor is announced. May 8, 2013 09:07 EDT GE NextEra Energy selects General Electric's new brilliant wind turbine Subscribe for More Information May 7, 2013 08:05 EDT GE GE Transportation signs agreement with Aurizon Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.