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Stock Market & Financial Investment News

News Breaks
March 24, 2014
08:34 EDTGMT, GEGATX announces acquisition of over 18,500 railcars from GE Capital Rail Services
GATX Corporation (GMT) announced its purchase of GE Capital Rail Services’ (GE) North American per diem boxcar fleet, consisting of more than 18,500 boxcars. The purchase price was approximately $340M. Brian A. Kenney, president and CEO of GATX said, “The transaction is expected to be immediately accretive, although at this point we are not adjusting our previously announced 2014 earnings guidance.” GATX expects the acquired fleet to generate approximately $70M in annual revenue. The average age of the fleet is 34 years relative to the statutory life of 50 years.
News For GMT;GE From The Last 14 Days
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February 25, 2015
05:22 EDTGEGE Healthcare selected as strategic partner by Kenyan Ministry of Health
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February 24, 2015
18:02 EDTGEGeneral Electric director purchases $20M of company stock
According to regulatory filings, GE director William G. Beattie purchased 800,000 shares of GE for $20,096,000 on February 18 and 19.
February 23, 2015
12:07 EDTGEEU opens probe in GE's proposed acquisition of Alstom's energy business
The European Commission has opened an in-depth investigation to assess whether General Electric's (GE) proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom (ALSMY) is in line with the EU Merger Regulation. The Commission’s preliminary investigation indicates potential competition concerns in the market for heavy-duty gas turbines which are mainly used in gas-fired power plants. The transaction would bring together the activities of GE, the world's largest manufacturer of heavy-duty gas turbines, with those of Alstom, eliminating one of the three main global competitors to GE in this market. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 8 July, to take a final decision. Reference Link
February 20, 2015
08:26 EDTGEArc Logistics to acquire all membership interests Joliet Bulk for $216M
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February 18, 2015
11:14 EDTGEGE, Alstom deal likely to face intense EU scrutiny, Reuters says
General Electric's (GE) deal for Alstom's (ALSMY) power equipment business is likely to face an intense EU antitrust investigation, says Reuters, citing people familiar with the matter. Reference Link
07:07 EDTGEBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.

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