New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
13:23 EDTGESynchrony Bank resolves outstanding inquiries in settlement with CFPB, DOJ
Synchrony Bank announced it has reached agreements with the Consumer Financial Protection Bureau and the Department of Justice to resolve two previously disclosed inquiries. The CFPB agreement and a related DOJ agreement resolve an issue related to the omission of certain delinquent cardholders with Puerto Rico addresses or Spanish-preferred indicators on their accounts from two collections offers. The Bank identified this matter through its own internal audit, promptly reported it to the CFPB, and commenced a remediation that will result in $11M of payments or credits on active accounts, all but $2M of which has already been paid, and $158M of waivers or credits on closed and written-off accounts. The CFPB agreement also resolves the Bank’s involvement in the CFPB’s industry-wide investigation related to “Add On” products. The Bank’s settlement covers telesales of debt cancellation products from January 2010 to October 2012. The Bank ceased such sales in 2012, and after its own internal review, refunded more than $11M in fees. As part of the CFPB agreement, it will refund an additional $32M, and pay civil penalties of $3.5M. On June 2, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the GE Capital Retail Finance business. The name change is currently in process and the transition will occur over the next few months, Synchrony stated.
News For GE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent GE news | >>
January 23, 2015
08:51 EDTGEGE sees wind turbine market to be flat in 2015, but sees gaining share
Subscribe for More Information
08:18 EDTGEGE sees Synchrony Financial split to come Jan. 1, 2016, pending approval
Subscribe for More Information
07:59 EDTGEGeneral Electric says signs in U.S. Healthcare 'encouraging' since year-end
Since year-end 2014, GE said it has seen "encouraging" signs in the U.S. Healthcare market, with orders up 9% and equipment up 17%. Since year-end 2014, GE has seen stronger Aviation, with spares, RPK and freight growth continuing and the industry benefiting from lower oil prices. Noting the oil price slide, GE says it has made an "aggressive cost out" and is "ready for multiple scenarios." Comments from earnings conference call slides.
07:55 EDTGEGeneral Electric backs FY15 EPS $1.70-$1.80, consensus $1.76
GE repeats forecast for FY15 Industrial EPS of $1.10-$1.20 and GE Capital EPS of about 60c, noting that GE Capital EPS could be lower if ENI drops more quickly. GE repeats forecast for Industrial segment organic growth of 2%-5% in 2015. GE sees 2015 free cash flow plus dispositions of $12B-$15B, with CFOA of $14B-$16B, P&E of about $4B-$4.5B and dispositions for $2B-$4B. Guidance from slides for Q4 earnings conference call.
07:49 EDTGEGeneral Electric backs FY15 double digit Industrial operating EPS growth
Subscribe for More Information
07:48 EDTGEGeneral Electric reports Q4 orders $31.5B, Q4-end backlog $261B
Subscribe for More Information
06:35 EDTGEGeneral Electric reports Q4 EPS 56c, consensus 55c
Reports Q4 revenue $42.0B, consensus $42.16B
January 22, 2015
15:32 EDTGENotable companies reporting before tomorrow's open
Subscribe for More Information
15:21 EDTGEGeneral Electric technical comments ahead of results
Subscribe for More Information
12:16 EDTGEEarnings Preview: Analyst sentiment positive ahead of General Electric report
Subscribe for More Information
10:03 EDTGEOn the Fly: Analyst Initiation Summary
Subscribe for More Information
08:02 EDTGEGE Capital's TMT financing business says completed over 50 transactions in 2014
Subscribe for More Information
06:23 EDTGEGE to pay $464M more in Alstom energy assets deal, WSJ reports
Subscribe for More Information
January 21, 2015
16:13 EDTGEGeneral Electric initiated with a Buy at UBS
Target $30.
12:39 EDTGEGeneral Electric January weekly volatility elevated into Q4 and outlook
Subscribe for More Information
January 20, 2015
17:26 EDTGEGeneral Electric awarded $325M government contract
Subscribe for More Information
11:23 EDTGEEU to decide on GE, Alstom deal by February 23, Reuters reports
Antitrust regulators in the European Union will decide by February 23 whether to approve General Electric's (GE) planned acquisition of most of Alstom's (ALSMY) power equipment unit, Reuters reports. French authorities have already approved the planned deal after GE agreed to create jobs and form an energy joint venture with Alstom. Reference Link
06:48 EDTGEGE financing A350 jet with Rolls-Royce engine, Reuters reports
Subscribe for More Information
January 15, 2015
06:01 EDTGEMcDermott and GE launch io oil & gas consulting
McDermott (MDR) and GE Oil & Gas (GE) launched io oil & gas consulting, a new independent venture to transform front-end offshore field development. io will consider the full field as one system and have the technical insight to develop every aspect of the front-end solution. McDermott’s investment in io aligns with the company’s strategy to become more client-focused and responsive to operators’ challenges.
05:22 EDTGEGE Oil & Gas, McDermott launch io oil & gas consulting
Subscribe for More Information
1 | 2 | all recent GE 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