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Stock Market & Financial Investment News

News Breaks
June 20, 2014
08:04 EDTGE, MTU, HES, CRARYEIF acquires Hess Corp's 50% stake in GE-powered Newark Energy Center
Energy Investors Funds, an energy-focused private equity firm, announced today that two EIF-managed funds have indirectly acquired an additional 50% ownership stake in the Newark Energy Center from Hess Corporation (HES) using a $590M loan from Crédit Agricole Corporate and Investment Bank (CRARY), GE unit (GE) GE Energy Financial Services and Mitsubishi UFJ Financial Group (MTU). EIF-NEC, LLC, an entity jointly owned by the two EIF-managed funds, will use the loan to support the acquisition, construction and operation of the 705-megawatt power plant, which is being built using GE’s advanced combined-cycle, natural gas-fired turbine technology. With this acquisition, EIF-NEC now holds 100% of the equity interests in the Newark Energy Center. The three lenders served as co-lead arrangers and joint-book runners. Financial details of the transactions were not disclosed. The Newark Energy Center sits on 23 acres of brownfield industrial land in New Jersey, an optimal location with nearby gas supply and electrical interconnection point. The project has been under construction for nearly two years and is expected to begin commercial operations in May 2015. It will sell its energy and capacity into the PJM capacity market. Power Plant Management Services is managing construction, with NAES Corporation providing operations and maintenance and Direct Energy undertaking additional energy management services.
News For HES;GE;CRARY;MTU From The Last 14 Days
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January 23, 2015
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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07:00 EDTHESHess Corp. downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Hess Corp to Neutral given the slowdown in onshore activity and reduced valuations in the Gulf of Mexico and Bakken. Price target cut to $72 from $85.
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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17:04 EDTHESOceaneering announces Hess Stampede Project umbilicals and hardware 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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