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Stock Market & Financial Investment News

News Breaks
April 25, 2014
06:32 EDTALSMY, GEAlstom board plans meeting to discuss possible GE deal, Bloomberg says
Alstom's (ALSMY) board is planning to meet with GE (GE) to discuss the possible sale of the French company's energy assets that represents more than 70% of sales, according to Bloomberg, citing a person familiar with the matter. The source said that an announcement could be issued after the meeting. Reference Link
News For ALSMY;GE From The Last 14 Days
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July 21, 2014
07:30 EDTGEGeneral Electric annual targets a 'stretch,' says JPMorgan
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07:18 EDTGE, ALSMYAlstom CEO not concerned over complexities added to deal by France, FT says
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July 18, 2014
16:20 EDTGEOn The Fly: Closing Wrap
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15:02 EDTGEGeneral Electric invests $1.3M in West Burlington plant
GE’s Industrial Solutions business is investing an additional $1.3M in its West Burlington plant as a manufacturing center of excellence and is creating about 50 new jobs. GE will add two product lines to its local manufacturing operations, including: Paralleling switchgear equipment for mission-critical applications including data centers, financial systems and hospitals and EntelliGuard low-voltage air circuit breakers for reliable equipment and personnel protection in industrial and commercial settings.
12:42 EDTGEOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory and have remained there throughout the morning. The averages moved in a narrow range for most of the opening hour of the session but spurted to higher levels during the second hour. Investors appear to be using yesterday’s sell-off as a buying opportunity, despite the ongoing events in Russia and Israel that largely contributed to yesterday’s action. ECONOMIC EVENTS: The first release of the University of Michigan consumer sentiment index for July fell to 81.3 after ending June with an 82.5 reading. The leading economic indicator index rose 0.3% to 102.2, which was a bit below the forecast for an increase of 0.5%. COMPANY NEWS: Class A shares of Google (GOOGL) advanced over 3% after the search giant reported quarterly revenue that beat expectations last night. Following its report, at least three Wall Street research firms raised their price targets on the stock, while noted tech analyst Collin Gillis of BGC Financial upgraded the stock to Buy from Hold... Dow component General Electric (GE) reported second quarter EPS of 39c, matching the consensus forecast, and revenue that just missed the consensus view of analysts. The company also reported that it is targeting the initial public offering of IPO of Synchrony Financial (SYF), its North American Retail Finance business, for July. In the IPO, Synchrony is offering 125M shares of its common stock, which will be listed on the New York Stock Exchange under the symbol “SYF,” and anticipates that the IPO price of the shares will be between $23.00 and $26.00 per share... Another Dow member, IBM (IBM), fell 0.4% after reporting adjusted Q2 earnings per share and revenue that beat expectations. Afterward, Cantor said it thinks the worst is over for the company and reiterated its Buy rating on the shares, though Societe Generale downgraded IBM to Sell from Hold and Credit Suisse said IBM continues to be driven by less revenue growth and kept its Underperform rating and $160 price target on Big Blue's stock. MAJOR MOVERS: Among the notable gainers was Skyworks (SWKS), which gained 14% after reporting third quarter results and fourth quarter guidance above analyst estimates and seeing no less than five analyst firms raise their price targets on its stock. Also higher was Gentiva Health (GTIV), which rose 14% after it announced that its board unanimously determined to reject the partial tender offer from Kindred Healthcare (KND) to acquire 14.9% of the outstanding shares of Gentiva for a price of $16.00 per share in cash and disclosed that it has received a $17.25 per share, all-cash takeover proposal from a "recognized owner, operator and investor in the sector." After the announcement, shares of Kindred fell 2%. Also lower following their earnings reports were RealPage (RP), which fell over 21%, and Advanced Micro Devices (AMD), which dropped nearly 18%. INDEXES: Near midday, the Dow was up 107.05, or 0.63%, to 17,083.86, the Nasdaq was up 57.98, or 1.33%, to 4,421.43, and the S&P 500 was up 17.04, or 0.87%, to 1,975.16.
10:12 EDTALSMY, GEGeneral Electric sees Alstom deal to close in 2015
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09:51 EDTGESynchrony Financial files 125M share IPO, sees pricing $23-$26 per share
Synchrony Financial (SYF), the planned spin-off from GE Capital (GE), is offering 125M shares of its common stock in its initial public offering and anticipates that the IPO price of the shares will be between $23.00 and $26.00 per share. Its shares of common stock have been authorized for listing on the New York Stock Exchange under the symbol “SYF,” the company disclosed in a filing.
09:29 EDTGEGE estimates $2B income dividend, $1B special dividend from GE Capital
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09:26 EDTGEGeneral Electric says does not like to discuss dispositions until announced
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09:24 EDTGEOn The Fly: Pre-market Movers
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09:14 EDTGE, ALSMYGE says not done with divestitures, likes current Oil & Gas portfolio
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08:58 EDTGEGeneral Electric says U.S. challenges persist in Healthcare
Reports Q2 Healthcare segment orders flat at $4.8B, with emerging markets up 7%, Europe up 2% and U.S. down (2%). GE cites caution from Affordable Care Act impacting U.S. activity in Healthcare segment.
08:43 EDTALSMY, GEGeneral Electric says orders, backlog give confidence in second half
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07:48 EDTGEGE sees FY14 revenue flat to up 5%, consensus $148.59B
General Electric says its total year framework remains on track. GE expects strong Industrial segment growth and margin expansion in 2014. Says on track to lower Corporate expense about $500M. Sees FY14 Industrial segment organic growth 4%-7%; GE Capital flat to (5%). Comments and guidance from slides for Q2 earnings call.
07:37 EDTGEGeneral Electric reports Q2 orders up 4% to $25.1B
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06:36 EDTGEGE says it is targetting IPO of North American Retail Finance business for July
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06:34 EDTGEGE CEO Jeff Immelt: The environment continues to be generally positive
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06:33 EDTGEGeneral Electric reports backlog of equipment and services at Q2-end $246B
Reports ENI was at $371B at Q2-end, down $2.4B from last quarter. General Electric Capital Corporation’s estimated Tier 1 common ratio rose 51 basis points from the year-ago period to 11.7%, and net interest margin was strong at 5%.
06:32 EDTGEGeneral Electric reports Q2 Industrial segment profit up 9% to $4.2B
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06:31 EDTGEGeneral Electric reports Q2 EPS 39c, consensus 39c
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