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Stock Market & Financial Investment News

News Breaks
August 4, 2014
05:17 EDTGEGE to invest $2B in Africa by 2018
GE announced that it will invest $2B in facility development, skills training, and sustainability initiatives across Africa by 2018. Through partnerships and technology, GE is poised to help increase access, reliability, and affordability of core infrastructure throughout the continent. Africa has emerged as the most promising growth region for GE. Total GE revenues in Africa in 2013 were $5.2B and in the past year, GE has won more than $8.3B in orders across Africa. GE will focus its investment in Africa in three strategic areas: building infrastructure; delivering localized solutions to customers; and capacity building, by providing skills training and growing supply chain development in local communities. New GE commitments in Africa include: GE’s Distributed Power business will supply aeroderivative gas turbines in Algeria and Nigeria to increase grid reliability during peak power demands in Algeria and generate uninterrupted power at the Nigerian National Petroleum Corporation’s state oil refinery. GE committed to help bring online 5,000MW of new electric generation capacity in cooperation with the Initiative’s government and other private sector partners across six partner countries, including Nigeria. GE’s “Country-to-Company” agreement with the Government of Nigeria, which encourages the development of infrastructure projects and the transfer of skills and technology, will be renewed for another five years. GE will supply approximately $1B in railway and power equipment to Angola, under a bilateral agreement signed this week between the Export-Import Bank and Angola’s Ministry of Finance to finance infrastructure development projects in the country.
News For GE From The Last 14 Days
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January 23, 2015
08:51 EDTGEGE sees wind turbine market to be flat in 2015, but sees gaining share
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08:18 EDTGEGE sees Synchrony Financial split to come Jan. 1, 2016, pending approval
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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
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07:48 EDTGEGeneral Electric reports Q4 orders $31.5B, Q4-end backlog $261B
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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
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15:21 EDTGEGeneral Electric technical comments ahead of results
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12:16 EDTGEEarnings Preview: Analyst sentiment positive ahead of General Electric report
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10:03 EDTGEOn the Fly: Analyst Initiation Summary
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08:02 EDTGEGE Capital's TMT financing business says completed over 50 transactions in 2014
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06:23 EDTGEGE to pay $464M more in Alstom energy assets deal, WSJ reports
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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
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January 20, 2015
17:26 EDTGEGeneral Electric awarded $325M government contract
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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
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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
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