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Stock Market & Financial Investment News

News Breaks
January 17, 2013
12:17 EDTGEEarnings Preview: General Electric sees margin expansion in Q4
General Electric (GE) is expected to report Q4 earnings on Friday, January 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 EPS of 43c on revenue of $38.74B, according to First Call. The consensus range for EPS is 42c-44c on revenue of $37.99B-$40.01B... LAST QUARTER: General Electric reported Q3 EPS of 36c against estimates for 36c on revenue of $36.3B against estimates for $36.89B. During its Q3 earnings call, the company lowered its 2012 revenue growth view to 3% from 5%, excluding NBCU pretax gains. 2012 industrial organic growth was seen at about 10%. Management did forecast margin expansion in Q4, and said the company was on track for a 100 bps margin improvement in 2012-13. On December 14, GE raised its dividend 12% and boosted its share repurchase authorization by $10B, a clear indication it expects positive results going forward. STREET RESEARCH: Street research has been light in the weeks leading up to GE's Q4 earnings report. On December 19, UBS removed GE from its U.S. Key Call list based on expectations for weaker than expected near-term earnings growth. PRICE ACTION: GE shares fell approximately 13% following the company's Q3 report, moving off their 52-week high of $23.18. However, since mid-November, the stock has gained about 6%. In early afternoon trading ahead of tomorrow's Q4 report, GE shares are up 0.43% to $21.21.
News For GE From The Last 14 Days
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September 1, 2014
08:57 EDTGEGE Healthcare announces EU approval of Vizamyl
GE Healthcare announced that Vizamyl has received marketing authorization from the European Commission as a radiopharmaceutical medicinal product indicated for Positron Emission Tomography imaging of beta amyloid neuritic plaque density in the brains of adult patients with cognitive impairment who are being evaluated for Alzheimer’s disease and other causes of cognitive impairment. Vizamyl is the only PET imaging tracer for detection of amyloid approved in Europe for visual interpretation of colour images and will be commercially available in selected European countries from early 2015, GE said.
August 29, 2014
15:13 EDTGEQuirky drops out of bidding to buy appliance unit from GE, Bloomberg says
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08:44 EDTGEQuirky drops out of bidding to buy appliance unit from GE, Bloomberg says
August 25, 2014
10:01 EDTGEHill-Rom reports settlement in patent infringement lawsuit with GE
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07:34 EDTGEBristow Group appoints Akiri Chief Corporate Development officer
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August 22, 2014
18:16 EDTGEGeneral Electric equipped 787 Dreamliner approved by regulators, WSJ says
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18:05 EDTGEGeneral Electric awarded $123.4M government contract
General Electric Company, Lynn, Massachusetts, has been awarded a maximum $123,409,100 firm-fixed-price contract for compressor parts. This contract is a sole-source acquisition. This is a five-year base contract, with no option periods. Location of performance is Massachusetts, with an Aug. 21, 2019 performance completion date. Using military service is Army. Type of appropriation is fiscal 2014 Army working capital funds. The contracting activity is the Defense Logistics Agency Aviation, Redstone Arsenal, Alabama.
08:01 EDTGEGE CFS, VNG.co to support expansion of CNG fueling infrastructure
GE Capital Fleet Services announced an agreement with VNG.co, a national CNG fueling facility provider, to support the expansion of the CNG refueling infrastructure for light-duty fleet vehicles. Through the agreement with VNG, GE Capital Fleet Services’ customers will be able to take advantage of the increasing accessibility of CNG fueling stations, minimize overall fuel costs and meet financial and environmental objectives through the use of a lower cost, more stably priced, environmentally friendly and domestically sourced fuel.
August 20, 2014
08:11 EDTGEGE Healthcare Life Sciences announces new U.S. headquarters in MA
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August 19, 2014
17:31 EDTGEGE plans to invest $3.5B in aircraft engine unit, Nikkei says
General Electric plans to invest $3.5B in its aircraft engine business over the five years to 2017, as it looks to boost production, says Nikkei. Reference Link
06:22 EDTGEGeneral Electric in talks with Electrolux to sell appliance business, WSJ says
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August 18, 2014
07:07 EDTGEGeneral Electric reinstated with an Outperform at Credit Suisse
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