Stock Market & Financial Investment News

News Breaks October 15, 2012 10:04 EDT GE, DB GE unit, Deutsche Bank to collaborate on capital solutions for power projects Deutsche Bank (DB) and GE Aero Energy, a General Electric (GE) business that manufactures gas turbines and other power equipment, have announced their collaboration to introduce new risk management and working capital solutions for complex projects in Africa, China and other emerging countries. These transactions will be supported by a unique combination of traditional trade finance and the more progressive financial supply chain product offerings. GE Aero Energy and Deutsche Bank work together to cover GE Aero Energy’s payment and documentary risk, enabling accelerated payments and hence improved working capital. The transaction involves the structuring of standby and documentary letters of credit, confirmations and transfers of such instruments. With Deutsche Bank’s guidance, GE Aero Energy prepares the shipping documents required for payment under the letters of credit. Where unavoidable discrepancies in the documentary presentation occur, Deutsche Bank then provides GE Aero Energy with an accounts receivable purchase linked to the underlying letter of credit. News For GE;DB From The Last 14 Days Check below for free stories on GE;DB the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 16, 2013 12:32 EDT DB EU bank stress test delayed until 2014 by regulator The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link 08:39 EDT DB Hartford Financial hires Deutsche to find buyer for Japan unit, Bloomberg says Hartford Financial Services (HIG) engaged Deutsche Bank (DB) to seek a buyer for its Japanese annuity unit, according to Bloomberg, citing people with knowledge of the matter. Reference Link May 15, 2013 17:30 EDT GE GE, Boeing warn of defective engine parts, WSJ reports General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link 17:03 EDT GE Soros gives quarterly update on stakes NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). 07:33 EDT GE National Association of Business Economics to hos a conference Subscribe for More Information May 14, 2013 07:23 EDT GE Oppenheimer to host a summit Subscribe for More Information 07:11 EDT GE China XD in talks to purchase GE’s Prolec joint venture, Bloomberg reports Subscribe for More Information 06:09 EDT GE On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: North American oil production will dominate world-wide supply growth over the next five years, the International Energy Agency predicted today, the result of growing production from "fracking" and other technologies that access once-inaccessible reserves, the Wall Street Journal reports...REUTERS: Investors are becoming increasingly selective about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning, Reuters reports...State-run Air India Ltd will resume flying its Boeing (BA) 787 Dreamliner passenger jets tomorrow, nearly four months after the planes were grounded due to safety concerns. Air India has six Dreamliners and has ordered 21 more, Reuters reports...BLOOMBERG: China XD Group, a state-controlled power equipment maker, is in talks to buy GE’s (GE) joint venture with Mexico’s Xignux SA for about $1B, sources say, Bloomberg reports...Philadelphia Fed President Charles Plosser said today in Stockholm that a slowing in U.S. inflation to the lowest rate in more than three years doesn’t warrant a Fed policy response, Bloomberg reports. 05:44 EDT DB Banks work deals from both sides of the field, WSJ reports Subscribe for More Information May 13, 2013 06:49 EDT DB ECB member says negative deposit rates would help economy, Reuters says Subscribe for More Information May 9, 2013 07:12 EDT DB Citigroup closing in on Deutsche Bank in Asian currency trade, Bloomberg reports Subscribe for More Information 06:10 EDT DB On the Fly: Periodicals Wrap-Up Subscribe for More Information May 8, 2013 09:07 EDT GE NextEra Energy selects General Electric's new brilliant wind turbine Subscribe for More Information May 7, 2013 10:20 EDT DB Banks accused of restraining swaps market competition, Bloomberg says A sheet metal workers union in Cleveland claimed in federal court that Goldman Sachs Group (GS), Citigroup (C) and 10 other banks have restrained market competition" for credit default swaps, violating U.S antitrust law, says Bloomberg. Other banks named in the complaint include Bank of America (BAC), Deutsche Bank (DB), and UBS (UBS), added Bloomberg. Reference Link 08:05 EDT GE GE Transportation signs agreement with Aurizon Subscribe for More Information May 6, 2013 09:06 EDT GE GE announces 1 gigawatt of U.S. wind orders following PTC decision Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.