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Stock Market & Financial Investment News

News Breaks
July 12, 2014
18:08 EDTESYJY, UTX, GE, EADSYeasyJet said to choose GE-Safran engine for Airbus jets, WSJ says
easyJet (ESYJY) is set to order engines from a partnership of General Electric (GE) and France's Safran to power 100 Airbus Group (EADSY) NV A320neo jets, says the Wall Street Journal. According to the WSJ report United Technologies (UTX) unit Pratt & Whitney was also aggressively competing for the order. Reference Link
News For GE;ESYJY;EADSY;UTX From The Last 14 Days
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November 14, 2014
08:00 EDTGEHalliburton, Baker deal would face 'intense' DOJ scrutiny, says Jefferies
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November 13, 2014
11:12 EDTGEHungary to buy Budapest from GE Capital, Reuters reports
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10:04 EDTGEGE opens $500M Brazil Technology Center
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08:52 EDTEADSYInfosys among suitors for Airbus' CIMPA unit, Economic Times says
Infosys (INFY) is among the suitors looking to acquire CIMPA, the engineering services unit of Airbus (EADSY), said Economic Times, citing people familiar with the matter, who added that Infosys could also get a revenue assurance from Airbus as part of a deal. Reference Link
07:26 EDTGEGE sees great infrastructure demand in developing markets, Reuters says
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06:31 EDTEADSYAirbus A350-900 receives FAA Type Certification
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November 12, 2014
09:01 EDTGEGE to build advanced manufacturing facility in Pennsylvania
GE announced that it will build a new manufacturing facility to drive innovation and implementation of advanced manufacturing technologies across GE. The new facility represents a $32M investment over three years by the company and will result in the creation of 50 high-tech engineering jobs initially, in disciplines ranging from mechanical and electrical to systems and software engineering. These technologists will join GEs global network of 50,000 world-class scientists, engineers, and skilled labor who are working to solve some of the worlds toughest challenges. The new facility reflects GEs belief that the intersection of technology and manufacturing marrying hardware with software is bringing a new era of manufacturing. The site will be located outside of Pittsburgh in Findlay Township, PA to capitalize on the renowned academic institutions and skilled workforce in the area. Construction is expected to begin in March 2015 to be completed by September 2015.
08:05 EDTGEGoldman to hold a conference
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05:52 EDTUTXUTC Aerospace Systems signs LOI with AVIC Xi'an Aircraft
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November 11, 2014
09:31 EDTUTXShejiang Loong Airlines selects Pratt & Whitney AeroPower foor Airbus A320
Pratt & Whitney AeroPower has signed a long-term auxiliary power unit maintenance support agreement with Zhejiang Loong Airlines for its new fleet of 30 Airbus A320 family aircraft, including nine A320neos. The agreement also covers repair and spares support services. First aircraft deliveries are scheduled to begin in 2015. Pratt & Whitney is a United Technologies company.
08:04 EDTUTXUTC Aerospace Systems selected by China Airlines
UTC Aerospace Systems has been selected by China Airlines to supply the wheels and carbon brakes for its fleet of 14 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. China Airlines will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.
08:01 EDTGEGE Healthcare, Takeda enter into alliance agreement for R&D in hepatic fibrosis
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November 10, 2014
09:04 EDTEADSYExelis, Airbus partner to provide missile warning capabilities for F-16 aircraft
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06:30 EDTGEGlobal LED lighting market ste to rach $25.7B in 2014, DigiTimes says
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November 7, 2014
16:53 EDTGEGeneral Electric files to sell 75M shares of common stock
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14:37 EDTUTXU.S. could send significant number of additional troops to Iraq, Reuters says
The U.S. has developed plans to significantly increase the number of American troops in Iraq, according to Reuters, which cited unnamed U.S. officials. America, which currently has about 1,400 soldiers in the country, is looking to reinforce Iraqi troops fighting Islamic State, the news service stated. Publicly traded defense companies include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).Reference Link
07:04 EDTGESouthcross Energy Partners completes $210M capital commitment
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November 6, 2014
08:58 EDTGEGE Capital closes sale of GE Money Bank AB to Santander Consumer Finance
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08:26 EDTUTXUnited Technologies to support Boeing CST-100 vehicle
United Technologies (UTX) unit UTC Aerospace Systems is supporting the development of Boeing's (BA) CST-100 Commercial Crew Transportation System, which won a $4.2B Commercial Crew Transportation Capability Contract from NASA on September 16. UTC Aerospace Systems is responsible for the design, development, qualification and production of components for the Environmental Control and Life Support Subsystem on the CST-100.
08:16 EDTGEGE Oil & Gas planning $60M investment in Lufkin, Texas, foundry
Seeking to improve and sustain its manufacturing capabilities to meet the growing demand for oil and gas production and power transmission equipment, GE Oil & Gas announced it plans to invest $60M in expanding and modernizing its foundry operations in Lufkin, Texas. The Lufkin foundry produces industry-leading iron castings used to make renowned Lufkin beam pumping units and Lufkin power transmission equipment. GE plans to demolish 30,000 square feet of its existing 515,000-square-foot facility and construct 72,000 square feet of new buildings. The company also plans to refurbish the remaining facilities at the site in Angelina County. The facility upgrades will create a simplified production process flow, improve employee working conditions and provide GEs customers with improved quality and delivery schedules. Design work for the project is expected to begin in 2014. As currently proposed and pending government approvals and permits, construction would be carried out in four phases commencing in 2016. Under that schedule, construction is expected to be completed in about three years. The foundry manufactures gray and ductile iron castings, producing an estimated 72,000 tons of products each year.
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