New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
13:14 EDTGE, V, MA, AXPJustice Department announces settlement with GE Capital Retail Bank
The Department of Justice and the Consumer Financial Protection Bureau announced a settlement to resolve allegations that GE Capital Retail Bank, known as of this month as Synchrony Bank, engaged in a "nationwide pattern or practice of discrimination by excluding Hispanic borrowers from two of its credit card debt-repayment programs." The settlement resolves claims by the department and the CFPB that GE Capital violated the Equal Credit Opportunity Act by excluding borrowers who indicated that they preferred communications to be in Spanish or had a mailing address in Puerto Rico from two credit card debt-repayment programs. The settlement provides $169M in relief to approximately 108,000 borrowers in the form of monetary payments and the reduction, or complete waiver, of borrowers’ credit card balances. GE Capital has also agreed to eliminate negative credit reports for affected borrowers that occurred during periods of the alleged discrimination. Shares of credit card companies Visa (V), MasterCard (MA) and American Express (AXP) have moved off of their lows following the news from the Justice Department. The card companies sold off ahead of the DOJ's announcement that was dubbed a credit card enforcement action.
News For GE;V;MA;AXP From The Last 14 Days
Check below for free stories on GE;V;MA;AXP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
July 17, 2014
13:18 EDTGEEarnings Preview: General Electric shares little changed since Q1 report
General Electric (GE) is expected to report second quarter earnings on Friday, July 18 before the market open with a conference call scheduled for 8:30 am ET. General Electric is a globally diversified technology and financial services company serving customers in more than 100 countries. EXPECTATIONS: Analysts are looking for earnings per share of 39c on revenue of $36.3B, according to First Call. The consensus range for EPS is 38c-40c on revenue of $35.99B-$36.72B. LAST QUARTER: General Electric reported first quarter adjusted EPS of 33c against estimates for 32c on revenue of $34.18B against estimates for $34.36B. CEO Jeff Immelt said, “We’re off to a good start to the year, and our 2014 framework remains unchanged. The environment is consistent with our expectations, with a positive bias.” During GE’s Q1 earnings call, management said the U.S. market gets "a little better every day," and Europe is improving. They said there was some improvement in demand for credit in Q1. They noted the company was on track to reduce share count in 2014, and on track to achieve its margin goal in 2016. The company expected to make gains from divestitures in its industrial portfolio. In June, GE finalized a deal to purchase the Power and Grid businesses of Alstom (ALSMY), after fending off rivals Siemens (SIEGY) and Mitsubishi Heavy Industries. STREET RESEARCH: Street research has been light in the weeks leading up to GE's Q2 earnings report. On May 12, Barclays upgraded the U.S. Multi-Industry sector to Positive from Neutral. The firm's data indicated that Fed policy had extended the cycle, driving up capital spending and corporate confidence. PRICE ACTION: GE shares traded marginally higher following its Q1 report, but currently sit at approximately the same level as they did three months ago. Over the past twelve months, the stock has gained about 13%. In early afternoon trading ahead of tomorrow's Q2 report, GE shares are down almost 1% to $26.76.
09:23 EDTGEGE's CFM JV says signed $21.4B in new deals at Farnborough Air Show
Subscribe for More Information
08:52 EDTGEGE, JV companies garner over $36B in orders/commitments at Farnborough Air Show
Subscribe for More Information
07:37 EDTMA, VVisa MasterCard underperformance creates buying opportunity, says Oppenheimer
Subscribe for More Information
July 16, 2014
14:36 EDTVVisa launches Visa Checkout payment service
Subscribe for More Information
14:09 EDTGEGeneral Electric in talks to sell appliances business, Bloomberg says
General Electric, which tried and failed to sell its household appliances business in 2008, is once again in talks with potential acquirers about the unit, said Bloomberg, citing people familiar with the matter. The appliances business could fetch $1.5B-$2.5B in a sale, according to sources quoted in the report. Reference Link
14:00 EDTGEGeneral Electric in talks to sell appliances business, Bloomberg reports
10:10 EDTGEGE Aviation, Barco's Defence & Aerospace unit sign collaboration agreement
GE Aviation and Barco’s Defence & Aerospace division have signed an MOU for collaboration in the development of a new family of open system cockpit display products, targeted at display and avionic system applications for helicopters. This collaboration combines the companies’ respective investments in new technology with their experience in delivering integrated cockpit display systems, open architecture ARINC 653 computing platforms, and expertise in the design and production of high quality cockpit displays for a new generation of flexible display and computing products. It is anticipated that the products will be integrated with an open suite of development and integration tools enabling aircraft prime contractors and application providers to collaborate in customizing functionality and optimizing aircraft performance. The solutions are intended to host existing applications from the two companies and be compatible with industry standard ARINC 653 and Barco’s MOSArt application interfaces.
09:35 EDTGEChina's 9 Air places $3.7B CFM engine order
Subscribe for More Information
09:09 EDTGEGeneral Electric-powered Boeing 777X commissioned by Qatar Airways
Subscribe for More Information
09:03 EDTGEQatar Airways commits to additional 50 GE9X-powered Boeing 777x
Subscribe for More Information
08:18 EDTGEGE announces presentation of new flutemetamol PET scan data
Subscribe for More Information
08:10 EDTGEBoeing, Airbus narrow engine choices in move toward efficient jets, WSJ says
Subscribe for More Information
July 15, 2014
12:01 EDTAXPAmerican Express reports June net charge off rate 1.5% vs. 1.6% last month
Reports June 30 days past due loans 0.9% vs. 1.0% last month.
11:47 EDTGEGeneral Electric July volatility increases into Q2 and outlook
General Electric July call option implied volatility is 31, August is at 17, September is at 15; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into the expected release of Q2 results before the open on July 18.
11:01 EDTGEGE wins orders from Lee Air for High Density Avionics Interface
Subscribe for More Information
10:47 EDTGEInterjet selects LEAP-1A to power A320neos in $2.9B order
Subscribe for More Information
09:46 EDTGEGE's FES selected by SpiceJet Airlines to support entire fleet
SpiceJet Airlines has selected GE’s (GE) Flight Efficiency Services to support its fleet of 52 Boeing (BA) 737 and Bombardier Q400 aircraft. GE will provide flight data analytics and fuel management to optimize the airline’s operational efficiency with the goal of substantially reducing fuel expenses for the airline. GE will provide consultation and evaluation services with the aim of reducing the airline’s fuel consumption and carbon emissions. GE is also designing and implementing custom solutions for SpiceJet and performing on-going efficiency measurements.
07:24 EDTAXPMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
06:50 EDTGEGE anticipates meeting $30B air show goal, Reuters says
Subscribe for More Information
1 | 2 | 3 | 4 | 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