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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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July 16, 2014
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
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09:09 EDTGEGeneral Electric-powered Boeing 777X commissioned by Qatar Airways
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09:03 EDTGEQatar Airways commits to additional 50 GE9X-powered Boeing 777x
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08:18 EDTGEGE announces presentation of new flutemetamol PET scan data
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08:10 EDTGEBoeing, Airbus narrow engine choices in move toward efficient jets, WSJ says
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July 15, 2014
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
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10:47 EDTGEInterjet selects LEAP-1A to power A320neos in $2.9B order
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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.
06:50 EDTGEGE anticipates meeting $30B air show goal, Reuters says
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July 14, 2014
09:06 EDTGEEmirates signs $13B GE9X services agreement
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07:43 EDTGEGE far ahead of Caterpillar in race for cleaner diesel train, WSJ says
Caterpillar (CAT) has fallen far behind in the race to offer a locomotive that meets stricter emission standards taking effect next year, with its Electro-Motive Diesel unit stating that its freight trains probably won't be available until 2017, while General Electric (GE) is already testing trains that comply with the new rules, reported The Wall Street Journal. Reference Link
July 13, 2014
11:40 EDTGEAmerican selects CFM engine to power A320 in order valued $2.6B
American Airlines (AAL) has selected CFM International’s advanced LEAP-1A engine to power its new fleet of 100 Airbus (EADSY) A320neo family aircraft. CFM values the engine order at $2.6B U.S. at list price. The aircraft order was originally announced in July 2011 and American will begin taking delivery in 2017. American also has orders for LEAP-1B engines to power 100 Boeing 737 MAX aircraft, which are also scheduled to be delivered beginning in 2017. American has been a CFM customer since 1996 and the airline’s fleet includes 375 Airbus A320 Family and Boeing 737 aircraft powered by CFM56 engines. CFM International is a 50/50 joint company between Safran and General Electric (GE).
July 12, 2014
18:08 EDTGEeasyJet 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
July 11, 2014
08:05 EDTGEGE Capital increases credit facility for OraMetrix
GE Capital’s Healthcare Financial Services business announced that it is the sole lender on a $10M senior secured term loan for OraMetrix. This transaction refinances the company’s previous $7.5M multi-draw senior secured term loan facility and provides it with an additional $2.5M. The funds will be used for working capital and growth initiatives.
08:03 EDTGEGE Capital provides MerchSource with $130M credit facility
GE Capital announced it is providing MerchSource with a $130M senior credit facility providing working capital for the company’s operations in the U.S. and Hong Kong.
07:45 EDTGEWith Alstom agreement settled, attention on GE turns to earnings, Reuters says
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July 10, 2014
07:29 EDTGEGeneral Electric volatility elevated into Q2 and revenue outlook
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