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Stock Market & Financial Investment News

News Breaks
November 13, 2012
07:16 EDTGE, CLNEGeneral Electric and Clean Energy announce collaboration
GE (GE) and Clean Energy Fuels (CLNE) announced a collaboration to expand the infrastructure for natural gas transportation in the U.S.. The agreement supports Clean Energy's efforts in developing "America's Natural Gas Highway," a fueling network that will enable trucks to operate on Liquefied Natural Gas, or LNG, coast to coast and border to border. Truck fleets often can reduce fuel costs by more than 25 percent and lower emissions with LNG. GE's MicroLNG plant can liquefy natural gas at any point along a gas distribution network, making it ideal for supporting the fueling of vehicles in remote locations by reducing the impact of long distance fuel transport. As part of the collaboration, Clean Energy Fuels will initially purchase two ecomagination-qualified MicroLNG plants from GE Oil & Gas. The plug-and-play modular units, which are designed to rapidly liquefy natural gas while minimizing a site's physical footprint, will support fueling stations along critical transportation corridors that run across the U.S. Further underscoring GE's commitment to expanding natural gas transportation infrastructure, GE Energy Financial Services is providing up to $200M in financing for the two GE MicroLNG plants.
News For GE;CLNE From The Last 14 Days
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June 23, 2015
13:02 EDTGESumitomo, others show interest in GE railway-leasing business, WSJ says
Japan's Sumitomo Mitsui Financial Group is interested in buying General Electric's (GE) railway-leasing business, says the Wall Street Journal, citing sources. Wells Fargo (WFC) and other U.S. financial institutions have also shown interest in GE Capital Rail Services, which may be worth around $4B, added the Wall Street Journal, citing people familiar with the matter. Reference Link
09:36 EDTGEActive equity options trading on open
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June 22, 2015
09:54 EDTGEGeneral Electric and Cascade announce multi-year joint development agreement
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08:09 EDTGEGeneral Electric 2018 EPS should surpass $2, says Bernstein
After meeting with GE's CFO, Bernstein predicts that the company's 2018 EPS will surpass the $2 it says is often cited as a target for the company. The firm says that synergies with Alstom appear to be progressing well, while its gross margin initiatives are also progressing. Bernstein says that GE is making progress on many fronts. It keeps an Outperform rating on the stock.
06:18 EDTGESuppliers worried about Airbus, Boeing production rate hike, Reuters reports
Major engine suppliers, including General Electric (GE) and Safran, are becoming worried that they may lose out if they invest to meet higher commercial jet production targets from Airbus (EADSY) and Boeing (BA) that may prove unsustainable, Reuters reports. Airbus and Boeing have plans to raise production rates of their best selling single aisle planes by 25% to 50-52 a month in 2017-2018, the report says. Suppliers have said that they need to secure the start of a steep rise in output before making a commitment to even loftier targets, the report says. Reference Link
05:13 EDTGEGeneral Electric, unions reach tentative agreement on new contracts
General Electric reached tentative agreements on new labor contracts with national leaders of its two largest unions, the IUE-CWA and the United Electrical, Radio and Machine Workers of America, or UE, after three weeks of negotiations. The agreements are now subject to review by union negotiating committees and ratification by union members. GEs existing four-year national contracts with the IUE-CWA and the UE expire at midnight. The four-year job packages provide improvements in healthcare, wages, pension and job and income security. The contract provisions will also be extended to additional unions that have local contracts with GE.
June 19, 2015
07:00 EDTGEGE Capital Aviation Services launches Boeing 737-800NG program
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June 18, 2015
12:04 EDTGEActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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09:26 EDTGEGE, JVs receive over $19B in orders/commitments at Paris Air Show
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08:05 EDTGENRG Yield to acquire GE EFS' 25% interest in Desert Sunlight Solar Farm
NRG Yield, Inc. (NYLD), through its subsidiary NRG Yield Operating LLC, has entered into an agreement with GE Unit (GE) GE Energy Financial Services to acquire its 25% interest in the Desert Sunlight Solar Farm in Riverside, CA for $285M subject to customary working capital adjustments, plus the assumption of $287.4M of non-recourse project level debt. The acquisition, which provides NRG Yield with a total ownership of 137.5 megawatts of operating solar capacity, will place NRG Yield into a partnership with subsidiaries of NextEra Energy (NEE) and Sumitomo Financial (SMFG), who are the 50% and 25% owners of Desert Sunlight, respectively. The transaction is expected to increase both the annual run-rate EBITDA by approximately $45M and cash available for distribution by approximately $22M by 2016. NRG Yield expects to close the transaction by June 30, 2015. The transaction is subject to customary closing conditions, including approvals by the Federal Energy Regulatory Commission and notice of the acquisition to the California Public Utilities Commission. With this acquisition, NRG Yield now owns nearly 600 megawatts of solar generation. NRG Yield is supported by its parent, NRG Energy (NRG), which owns and operates approximately 1.2 gigawatts of solar generation, thus implying a combined solar portfolio of 1.8 gigawatts.
June 17, 2015
17:54 EDTGEGE CEO not phased by EU concerns over Alstom deal, Reuters says
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16:21 EDTGEAres, Varagon establish joint venture for senior secured loans
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15:10 EDTGEGE CEO says will move products overseas if Ex-Im bank fails, Bloomberg reports
Remarking on the possible failure of the U.S. Export-Import Bank, General Electric CEO Jeffrey Immelt stated, "Were not going to lose this business... Well build these products in places where export credit financing is available," reports Bloomberg, citing comments made at the Economic Club of Washington. Bloomberg notes that following his speech, Immelt told reporters that "its very unlikely anything happens by June 30, so were going to have a lapse," though he added that he expects the bank to eventually secure congressional reauthorization. Reference Link
15:04 EDTGEGE Capital Real Estate closes nearly $10B in deals towards exit
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14:42 EDTGEOption volume leaders
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10:05 EDTGEGE Aviation, Mahindra Aeropsace to collaborate on manufacturing opportunities
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09:54 EDTGEGeneral Electric calls active on activist investor speculation
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09:48 EDTGERumor: General Electric moves up on activist investor speculation
07:30 EDTGEEconomic Club of Washington, D.C. to hold a luncheon meeting
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06:36 EDTGEGeneral Electric, Altran Technologies announce intention to form alliance
Altran and General Electric announced they have signed a Memorandum of Understanding to form an alliance focused on delivering the next generation of Industrial Internet solutions that support secure connected assets and objects; industrial analytics and data science; and machine data management. This partnership complements both GEs & Altrans deep industrial and software expertise in order to power economic growth in France and globally. Altran and GE continue to build out their Industrial Internet ecosystem of global alliances and partnerships with this latest MOU. The companies are negotiating to define the scope of services each will provide under the terms of the agreement. The alliance is expected to begin operations in the fourth quarter of 2015. This agreement has been signed this day at the International Paris Air Show.
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