New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
05:36 EDTF, GEFord to install vehicle charging stations at Ford facilities
Ford (F), in conjunction with GE (GE), will supply vehicle charging stations at Ford facilities nationwide, beginning with facilities in and around its headquarters. This month, Ford will begin installing GE WattStation charging stations across its North American campuses, developing a workplace charging network at nearly every Ford facility in the U.S. and Canada. Ford plans to install electric vehicle charging stations at more than 60 of its offices, product development campuses and manufacturing facilities. Installation will begin at Ford’s southeast Michigan facilities and roll out across other facilities throughout 2014. Ford is also asking employees to use the MyFord Mobile smartphone app to collect driving and charging information to help the company understand driving patterns and potentially influence future product design. Ford estimates it will cost about 50c to fully charge each vehicle.
News For F;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 | 4 | 5 | all recent news | >>
April 10, 2015
07:44 EDTGEGE targeting Synchrony Financial separation to close by year-end 2015
Subscribe for More Information
07:01 EDTGEGeneral Electric volatility flat into selling most of GE Capital assets
Subscribe for More Information
06:42 EDTGEGE to work closely with FSOC to de-designate GE Capital as SIFI
Subscribe for More Information
06:41 EDTGEGE industrial business remain on track for operating EPS of $1.10-$1.20
06:38 EDTGEBlackstone and Wells Fargo confirm acquisition of GE real estate assets
Subscribe for More Information
06:35 EDTGEGE releases financial details of GE Capital assets sale
Approximately $16B of after-tax charges are expected to be recorded in the first quarter of 2015 in connection with the plan – of which about $12B are non-cash. The charges include taxes on repatriated earnings, asset impairments due to shortened hold periods, and charges on businesses held for sale, including goodwill allocation. GE expects that the earnings impact of the GE Capital exits will be offset by the buyback over the exit period. GE has amended its income maintenance agreement to guarantee all tradable senior and subordinated debt securities and all commercial paper issued or guaranteed by GECC. The guarantee will replace the current income maintenance covenant. GE will maintain substantial liquidity and capital through the transition and does not expect to issue incremental GE Capital long-term debt for at least five years. Commercial paper will be further reduced to approximately $5 billion by the end of 2015.
06:34 EDTGEGE could return more than $90B in dividends, buyback, Synchrony exchange
There is potential to return more than $90B to investors in dividends, buyback and the Synchrony exchange through 2018. The exits of the targeted GE Capital businesses should release approximately $35B in dividends to GE, which, under GE’s base plan, are expected to be allocated to buyback; this is in addition to the impact of the Synchrony exchange and ongoing dividends. The GE board has authorized a new repurchase program of up to $50B in common stock, excluding the Synchrony exchange. GE expects to reduce its share count to 8-8.5 billion by 2018. These actions would still allow room for opportunistic “bolt on” acquisitions in GE’s core markets. GE also said it plans to maintain its dividend at the current level in 2016 and grow it thereafter.
06:34 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
Subscribe for More Information
06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
Subscribe for More Information
06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
Subscribe for More Information
06:13 EDTFGeneral Motors added to Focus List at Citigroup following selloff
Subscribe for More Information
April 9, 2015
16:17 EDTGEOn The Fly: Closing Wrap
Subscribe for More Information
13:56 EDTGEGeneral Electric moves higher on deal to sell real estate portfolio
The shares were last at $25.26, trading up over 1%. At this price next resistance is at $26.27. Support is at $25.09, the 50-day moving average.
13:38 EDTGEGE close to selling real estate holdings, WSJ reports
General Electric (GE) is close to selling its real estate holdings to Blackstone (BX) and Wells Fargo (WFC), Wall Street Journal reports, citing people familiar with the matter. The portfolio has $30B in holdings, the Journal adds. Shares of GE moved up 25c to $25.26 following the report. Reference Link
13:35 EDTGEGE in discussions to sell all or part of real estate assets, Dow Jones says
Subscribe for More Information
09:22 EDTFLKQ Corp., Ford renew patent license agreement
LKQ Corporation (LKQ) and Ford Global Technologies (F) renewed their design patent license agreement, which was first entered into in April 2009. The license agreement grants to LKQ the exclusive right to distribute aftermarket replicas of Ford automotive parts covered by U.S. design patents. The renewal is on substantially the same terms as the previous agreement except that the term now extends until March 2020.
April 8, 2015
19:09 EDTFGM pressures Canadian workers to reduce pension benefits, Globe and Mail says
Subscribe for More Information
17:25 EDTGECourt reverses $664M judgment against United Technologies
In a regulatory filing, United Technologies (UTX) reports that on April 6, the Sixth Circuit Court of Appeals rendered a decision in the litigation concering the F100 engine. The litigation arose from allegations by the U.S. Department of Justice that Pratt & Whitney -- a United subsidiary -- violated the civil False Claims Act relating to the competition between Pratt & Whitney's F100 engine and General Electric's (GE) F110 engine, resulting in alleged overpayments by the government for F100 engines under contracts awarded by the U.S. Air Force in fiscal years 1985-1990. On June 17, 2013, a trial court in Ohio rendered a decision awarding the government $473M in damages and penalties, plus prejudgment interest for a total judgment of approximately $664M. In its latest decision, the Sixth Circuit reversed the trial court’s judgment, noting that the government did not prove any damages, and remanded the case to the trial court to decide whether the government should have another opportunity to prove that it suffered any actual damages.
09:13 EDTGEElectrolux sees GE Appliances deal closing in 2015
Electrolux (ELUXY) announced that results for the business area Major Appliances North America will be significantly lower than anticipated in Q1. Electrolux operations continue to be negatively impacted by the transition of the product ranges within refrigeration and freezers. This transition is a consequence of the new energy requirements imposed during the second half of 2014. Earnings are also affected by the ramp up of the cooking plant in Memphis, which has been slower than anticipated. Results for the business area in the first quarter 2015 will therefore be negative. A program to restore profitability and increase efficiency is under way. It will require most of 2015 before these actions will show full effect. The preparation work for the integration of GE Appliances (GE) is progressing well and Electrolux remains confident that the transaction will be closed in 2015. During the integration planning, additional synergies of $50M have been identified, in excess of the previously communicated $300M. Total cost synergies are now estimated to $350M.
1 | 2 | 3 | 4 | 5 | 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