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Stock Market & Financial Investment News

News Breaks
July 8, 2014
17:09 EDTGE, SUGE, Suncor announce new investments in Alberta oil sands
GE (GE) and Suncor Energy (SU) announced the signing of two agreements which provide the opportunity for an investment of up to approximately $18M. These agreements, involving other members from Canada's Oil Sands Innovation Alliance, or COSIA,, are expected to enable the development of new technologies to reduce greenhouse gas emissions and water usage in the oil sands. One agreement relates to a promising oil sands water treatment pilot project expected to reduce water use, energy consumption and greenhouse gas emissions, while simultaneously reducing capital and operating costs for in situ oil sands operators. An existing partnership between GE, Suncor and Alberta Innovates - Energy and Environment Solutions, or AI-EES, has been extended into a Joint Industry Project within the collaboration framework of COSIA. In addition to this pilot project, six COSIA member companies have also signed a Memorandum of Understanding to pursue other Joint Industry Projects with a potential investment of up to approximately $13M. These projects are expected to develop technologies leading to even further environmental performance improvements, primarily in the areas of greenhouse gas reductions and advances in water treatment technology.
News For GE;SU From The Last 14 Days
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July 31, 2015
06:57 EDTSUSuncor CEO: Company eyes 'better' takeover opportunities, WSJ reports
Suncor CEO Steve Williams said that the company is focused on developing its own assets and buying back shares, though strategic acquisitions remain a third option for making use of its growing cash reserves, the Wall Street Journal reports, citing comments from the company's conference call. “Our view was that the prices were still too high and that the natural choices we looked at we were not prepared to pay the prices for. Clearly as time is going on they’ve moved down and there are better opportunities there,” Williams said. Reference Link
July 30, 2015
17:50 EDTGEGE exec sees $10B in projects going overseas due to Ex-Im trouble, Reuters says
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05:21 EDTSUSuncor lowers FY15 CapEx view to C$5.8B-C$6.4B from $6.2B-$6.8B
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05:18 EDTSUSuncor reports Q2 EPS operating C$0.63 vs. C$0.77 last year
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July 29, 2015
20:08 EDTSUSuncor raises quarterly dividend to 29c per share from 23c per share
Suncor Energy's board has approved a quarterly dividend of 29c per share on its common shares, payable September 25, to shareholders of record at the close of business on September 4.
05:30 EDTGEGE Healthcare to invest $1B for training and education solutions by 2020
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July 28, 2015
10:07 EDTGEGE in talks to sell assets to Ansaldo Energia, Reuters reports
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July 27, 2015
12:46 EDTGEAlstom to accept EUR300M hit to assist GE deal completion
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06:38 EDTGEGE intends to be 'sizable' player in energy storage market, Reuters reports
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July 24, 2015
15:17 EDTGECapital One, Apollo Global weigh final bids for GE unit, Bloomberg says
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July 23, 2015
08:11 EDTGEGE's CDF unit extends inveotry finance program with Husqvarna Group
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July 22, 2015
07:23 EDTGEFrench minister 'reassured' by elements of Alstom, GE deal talks, Reuters says
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July 21, 2015
07:46 EDTSUJacobs wins five year contract from Suncor
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July 20, 2015
16:20 EDTGEFederal Reserve establishes enhanced standards for GE Capital
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09:04 EDTGEGE chooses Microsoft Office 365 fro employee collaboration and productivity
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06:16 EDTGEAlstom sees General Electric deal completed in coming months, Reuters reports
Alstom (ALSMY) expects to complete the transaction with GE (GE) in the coming months, Reuters reports. Reference Link

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