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Stock Market & Financial Investment News

News Breaks
June 24, 2014
06:32 EDTGEGE Oil & Gas awarded order by Denmark-based Maersk Drilling
GE Oil & Gas announced it has received an order for the offshore oil and gas industry’s first 20,000-psi rated deepwater blowout preventer stack and riser systems from Copenhagen, Denmark-based Maersk Drilling. The equipment, due to enter service in the 1H of 2018, is being supplied for Maersk and BP as part of their joint Project 20K Rigs design program.
News For GE From The Last 14 Days
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April 10, 2015
12:46 EDTGEOn The Fly: Midday Wrap
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10:07 EDTGEHigh option volume stocks
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09:39 EDTGEActive equity options trading on open
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09:28 EDTGEGE sees having $3B-$5B a year for bolt-on acquisitions while Capital deals close
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09:22 EDTGEGeneral Electric trades near 52-week high on restructuring plan
The shares were trading last at $27.39 in the pre-market, close to the 52-week high at $27.53. Next resistance above that high is at $28.58.
09:16 EDTGEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quantum (QTM), up 22.2%. ALSO HIGHER: General Electric (GE), up 6.6% after announcing that it will sell most of GE Capital assets for approximately $26.5B... Horizon Pharma (HZNP), up 3.7% after receiving fast track designation for Actimmune... Tekmira Pharmaceuticals (TKMR), up 2.3% after FDA modifies partial clinical hold on Tekmira TKM-Ebola IND... Netflix (NFLX), up 2.9% after being upgraded to Buy from Neutral at Citigroup... Blackstone Mortgage Trust (BXMT), up 3.6% after acquiring $4.6B loan portfolio from GE Capital. LOWER: Citrix Systems (CTXS), down 5.8% after lowering first quarter guidance... Uniqure (QURE), down 2.4% after 3M share Secondary priced at $29.50... FIS (FIS), down 2.5% after lowering first quarter guidance... Golub Capital (GBDC), down 2.3% after 3.5M share Spot Secondary priced at $17.42.
08:58 EDTGEGeneral Electric sees strong Industrial double-digit growth through 2018
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08:55 EDTGEGE to repatriate about $36B in cash as part of GE Capital plans
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08:44 EDTGEGE targeting being in position to apply for SIFI de-designation in 2016
GE (GE) said it is working to be able to apply for SIFI de-designation as quickly as possible and is targeting being in position to apply for de-designation "some time" in 2016. GE added that it expects to be able to sell its U.S. assets quickly and noted it has received a significant number of inquires from buyers. GE stated that it has hired JPMorgan (JPM) as global coordinator for its disposition plans. Comments from GE investor meeting to update on GE Capital plans.
07:44 EDTGEGE targeting Synchrony Financial separation to close by year-end 2015
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07:01 EDTGEGeneral Electric volatility flat into selling most of GE Capital assets
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06:42 EDTGEGE to work closely with FSOC to de-designate GE Capital as SIFI
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06:41 EDTGEGE industrial business remain on track for operating EPS of $1.10-$1.20
06:38 EDTGEBlackstone and Wells Fargo confirm acquisition of GE real estate assets
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06:35 EDTGEGE releases financial details of GE Capital assets sale
Approximately $16B of after-tax charges are expected to be recorded in the first quarter of 2015 in connection with the plan – of which about $12B are non-cash. The charges include taxes on repatriated earnings, asset impairments due to shortened hold periods, and charges on businesses held for sale, including goodwill allocation. GE expects that the earnings impact of the GE Capital exits will be offset by the buyback over the exit period. GE has amended its income maintenance agreement to guarantee all tradable senior and subordinated debt securities and all commercial paper issued or guaranteed by GECC. The guarantee will replace the current income maintenance covenant. GE will maintain substantial liquidity and capital through the transition and does not expect to issue incremental GE Capital long-term debt for at least five years. Commercial paper will be further reduced to approximately $5 billion by the end of 2015.
06:34 EDTGEGE could return more than $90B in dividends, buyback, Synchrony exchange
There is potential to return more than $90B to investors in dividends, buyback and the Synchrony exchange through 2018. The exits of the targeted GE Capital businesses should release approximately $35B in dividends to GE, which, under GE’s base plan, are expected to be allocated to buyback; this is in addition to the impact of the Synchrony exchange and ongoing dividends. The GE board has authorized a new repurchase program of up to $50B in common stock, excluding the Synchrony exchange. GE expects to reduce its share count to 8-8.5 billion by 2018. These actions would still allow room for opportunistic “bolt on” acquisitions in GE’s core markets. GE also said it plans to maintain its dividend at the current level in 2016 and grow it thereafter.
06:34 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
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06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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