New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 20, 2014
10:01 EDTCAM, GECameron sells Compression unit, exploring sale of Centrifugal business
Cameron announced that it has entered into a definitive agreement under which it will sell its Reciprocating Compression business to GE (GE) for cash consideration of approximately $550M, subject to closing adjustments. Cameron also announced that it intends to explore strategic alternatives for its Centrifugal Compression business to further enhance the company's focus on its core businesses. The company intends to use the net cash realized from the divestiture of the Reciprocating Compression business to partially fund its existing share repurchase program. Cameron expects to complete the sale of its Reciprocating Compression business during Q3. As a result of this transaction, the company expects to recognize an after-tax loss of approximately $100M for financial reporting purposes, reflecting the write-off of non-deductible goodwill. Cameron estimates after tax proceeds from the sale of approximately $400M. Citi is acting as financial advisor to Cameron and Winston & Strawn and Baker Botts are acting as the company's legal counsel in connection with the divestiture of the Reciprocating Compression business. Citi is also assisting Cameron in the process of exploring strategic alternatives for its Centrifugal Compression business.
News For CAM;GE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 16, 2015
15:49 EDTGEGeneral Electric April volatility elevated into Q1 and outlook
General Electric April call option implied volatility is at 54, May and June is at 18; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q1 on April 17.
15:23 EDTGENotable companies reporting before tomorrow's open
Subscribe for More Information
12:57 EDTGEEarnings Watch: Analyst sentiment positive ahead of GE's Q1 report
Subscribe for More Information
08:04 EDTGECon Edison Devleopment enters into agreement to procure GE energy storage system
GE (GE) announced it will supply Con Edison Development (ED) with an 8 MWh battery energy storage system in Central Valley, CA. The new storage solution will be utilizing GEs Mark VIe-based plant control system, Brilliance MW Inverters, and packaged lithium ion battery modules. As part of its expanding energy storage portfolio, this project marks the first time GE will introduce a lithium ion battery solution. The system will provide two megawatts of power over a four-hour period, and the deal includes delivery of a complete energy storage system, with associated long-term service agreements.
April 15, 2015
15:41 EDTGEGeneral Electric, Alstom may have interest in Bombardier rail unit
Subscribe for More Information
08:58 EDTCAMOil services stocks should be bought on dips, says BMO Capital
Subscribe for More Information
April 14, 2015
12:05 EDTGEMarketo engagement marketing platform to integrate with LinkedIn
Marketo (MKTO) announced it will partner with LinkedIn (LNKD) on a solution that connects LinkedIn's Lead Accelerator solution with Marketo's Engagement Marketing Platform. The combination "bridges the gap between digital, social and offline channels to enable marketers to engage in relevant conversations with customers wherever they are online," the company said. GE (GE) will pioneer the joint solution, Marketo announced.
10:49 EDTGEWells Fargo sees remaining at high end of 55%-59% efficiency ratio target
Says adjusted tax rate leaves company in "mid-32%" range for rest of year. Says will look to work closely with GE Capital (GE) as it sells other businesses. Sees remaining at high end of 55%-59% efficiency ratio target. Says "optimistic" about Q2.
10:26 EDTGEWells Fargo says underlying economic expansion 'largely on track'
Subscribe for More Information
09:35 EDTGEActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
07:35 EDTGEVeracyte and General Electric join to develop genomic diagnosis solutions
Veracyte (VCYT) and GE (GE) announced a research collaboration to develop new solutions that can improve disease diagnosis. Financial and other terms were not disclosed. Veracyte will collaborate with GE Ventures, GE Healthcare, and the GE Global Research Center to explore the feasibility of combining Veracyte's genomic technology with GE Healthcare's digital imaging technology. Through the agreement, Veracyte and GE aim to identify features from raw imaging data that, when combined with genomic information, have the potential to elucidate useful, new information to further address unmet clinical needs.
April 13, 2015
16:01 EDTGEOptions Update; April 13, 2015
Subscribe for More Information
10:00 EDTCAMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:34 EDTGEActive equity options trading on open
Subscribe for More Information
08:31 EDTCAMCameron downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Cameron to Outperform with a $55 given a reduced orders outlook, a reduction in earnings potential near-term, and offshore exposure.
07:52 EDTGEBlackstone Mortgage portfolio purchase from GE a win for both, says UBS
Subscribe for More Information
07:03 EDTGEGeneral Electric risk/reward ratio positive, says Bernstein
Subscribe for More Information
06:32 EDTGEReal estate is a big part of Blackstone's business, NY Times says
Subscribe for More Information
06:09 EDTGEGE must prove that industrial business can grow reliably, WSJ reports
Subscribe for More Information
05:49 EDTGEStocks with implied volatility movement; GE SD
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use