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Stock Market & Financial Investment News

News Breaks
April 11, 2012
11:44 EDTGE, CMCSABloomberg files complaint against Comcast with FCC, The Hill reports
Bloomberg News has filed a complaint with FCC against Comcast (CMCSA), The Hill reported last night.Bloomberg is alleging that Comcast is violating the conditions of its merger with NBC by refusing to place Bloomberg TV near other news and business news channels, the publication said. Reference Link
News For CMCSA;GE From The Last 14 Days
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June 30, 2015
07:15 EDTCMCSAExecutives' Club of Chicago to hold a discussion
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06:32 EDTGEGE announces continuation of regulatory review for sale of Appliances business
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06:32 EDTGEGE agrees to offer terms for European sponsor finance sale to SMBCE
GE announced that Sumitomo Mitsui Banking Corporation Europe, a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation has made an agreed offer to acquire GEís European Sponsor Finance business for approximately $2.2B. GE Capital will retain its $1B investment in the European Senior Secured Loan Programme and European Loan Programme, both joint ventures between affiliates of GE Capital and affiliates of Ares Capital. When completed, the portfolio, which represents about $2.2B of ENI, will contribute approximately $400M of capital to the overall target of approximately $35B of dividends expected to GE under this plan. The transaction is subject to customary regulatory approval. It is expected to close in the third quarter of 2015. Bank of America Merrill Lynch and Citigroup Global Markets provided financial advice to GE and Clifford Chance provided legal advice. Since the April 10 announcement, GE has signed agreements to sell about $23B, including the European Sponsor Finance deal announced today with ENI of $2.2B. Other sales during the quarter include $1.2B of loans in our UK Home Lending portfolio, plus the previously announced $8.6B global Fleet Services business and the approximately $11B U.S. Sponsor Finance business. In addition, during the quarter, the sale of GE Capitalís Budapest Bank to the Hungarian State closed on June 29 and GE Capital Real Estate closed, in total, approximately $15B of previously announced sales.
06:18 EDTGESumitomo Mitsui close to deal to buy GE's European PE finance unit, WSJ reports
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June 29, 2015
14:11 EDTCMCSANBCUniversal ending relationship with Donald Trump, LA Times reports
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08:04 EDTGEBlackstone Mortgage completes acquisition of GE loan portfolio
Blackstone Mortgage (BXMT) announced that it has completed the acquisition of substantially all of the GE (GE) Capital Real Estate mortgage loan portfolio.
05:21 EDTGEGE to sell majority of fleet businesses to Element Financial for $6.9B
GE announced that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial for $6.9B. Separately, GE has signed a memorandum of understanding for the potential sale of its European fleet businesses to Arval, a fully owned subsidiary of BNP Paribas. Arval and GE will now consult with their respective works councils. The transactionsí completion will also be subject to customary regulatory and other local corporate or antitrust approvals. Both transactions represent an aggregate of about $8.6B of ending net investment, approximately $6.0B to Element and about $2.6B to Arval. This brings GE Capitalís total announced sales to about $63B to date. GE is on track to execute sales of $100B by the end of 2015. The transactions would, if completed, contribute approximately $1.8B of capital to the overall target of approximately $35B of dividends expected to GE under this plan. The U.S. and Mexico transaction is expected to close in Q3, and the A&NZ transaction in Q4, subject to customary regulatory and other approvals. If approved, the Arval transaction is targeted to close in Q4.
05:19 EDTGEGE to sell majority of fleet businesses to Element Financial for $6.9B
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June 28, 2015
16:20 EDTGEGE requests July 2 hearing in EU to defend Alstom bid, Reuters says
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16:15 EDTGEElement Financial nears deal for GE fleet management unit, Reuters says
Element Financial is nearing a deal for a large portion of General Electric's fleet-management unit, Reuters reported Friday, citing three sources familiar with the matter. The agreement could be sealed as soon as late June, said the sources, who added that Element is mostly targeting the North American portion of the fleet business. Reference Link
15:40 EDTCMCSAUniversal's 'Jurassic World' leads U.S. weekend box office with $54.2M
For the weekend of June 28, Comcast (CMCSA, CMCSK) subsidiary Universal's "Jurassic World" topped domestic box office charts at $54.2M. Disney's (DIS) "Inside Out" landed in second place with $52.1M, while Universal's "Ted 2" came in third with $32.9M. Time Warner (TWX) subsidiary Warner Bros.' "Max" and Fox's (FOX, FOXA) "Spy" took fourth and fifth place at $12.2M and $7.8M, respectively. Data gathered by Rentrak.
June 26, 2015
06:12 EDTGEGeneral Electric to invest in Austrailan windfarm
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June 25, 2015
14:27 EDTGECapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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10:31 EDTGECA Technologies appoints Jeff DeMarrais as Chief Communications Officer
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06:15 EDTGEElectrolux CEO to step down 'on his own initiative,' Reuters reports
Electrolux (ELUXY) CEO Keith McLoughlin will step down from the company "on his own initiative," Reuters reports, citing comments from business daily Dagens Industri. Elextrolux says McLoughlin, who moved to the U.S. from Sweden a few years ago, has not yet resigned, but also noted that "all well-run public companies conduct succession planning." According to Dagens Industri, GE Appliances (GE) head Charles Blankenship would be the "top candidate" to succeed McLoughlin. Reference Link
June 24, 2015
19:53 EDTCMCSAComcast to offer EA games over cable box, DSLReports says
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18:16 EDTGEGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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16:47 EDTGEGeneral Electric reaches preliminary labor agreements with union delegates
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13:58 EDTCMCSAChernin, NBCUniversal agree on two year deal, L.A. Times reports
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08:25 EDTCMCSANetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
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