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November 9, 2012
12:21 EDTGE, LMTDefense Department notifies Congress of potential $6.7B foreign sale
Department of Defense's Defense Security Cooperation Agency unit said it notified Congress on Nov. 8 of a possible Foreign Military Sale to the Kingdom of Saudi Arabia for 20 C-130J-30 Aircraft and 5 KC-130J Air Refueling Aircraft, as well as associated equipment, parts, training and logistical support for an estimated cost of $6.7B. The prime contractors will be Lockheed-Martin (LMT), General Electric Aviation Systems (GE), and Rolls Royce, the agency said.
News For LMT;GE From The Last 14 Days
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November 24, 2015
12:54 EDTGEDILON Diagnostics and GE Healthcare sign global distribution agreement
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06:02 EDTGEBNP Paribas among companies interested in GE unit, Reuters reports
BNP Paribas (BNPQY), La Banque Postale and CM-CIC are said to be interested in buying the European factoring division of General Electric (GE), Reuters reports, citing a report from Les Echos. According to Les Echos, firms offers for the unit, which could value the business at EUR700M-EUR1B, are expected today. BNP Paribas is said to be interested in the business in France and Germany, the report says. Reference Link
November 23, 2015
16:02 EDTGEOptions Update; November 23, 2015
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12:26 EDTGECredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
09:39 EDTGEActive equity options trading on open
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07:16 EDTGEGeneral Electric removed from the U.S. Focus List at Credit Suisse
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07:11 EDTGEGE to sell U.K. Home Lending Portfolio to Blackstone, TSSP, and CarVal
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November 20, 2015
07:30 EDTGEUBS to hold a conference
Industrials & Transportation Conference is being held in Boca Raton, FL on November 18-20 with webcasted company presentations to begin on November 20 at 8 am; not all company presentations may be webcasted. Webcast Link
07:16 EDTGEGE announces final Synchrony exchange offer results
GE (GE) announced the final results of its completed offer to exchange GE common stock for common stock of Synchrony Financial (SYF) previously owned by GE, which expired at 12:00 midnight, New York City time, on November 16, 2015. Because the exchange offer was oversubscribed, GE accepted only a portion of the shares of its common stock that were validly tendered and not validly withdrawn, on a pro rata basis in proportion to the number of shares tendered. All shares validly tendered and not validly withdrawn by eligible odd-lot shareholders who requested not to be subject to proration have been accepted. The final proration factor of 31.2870888% was applied to all other shares of GE common stock that were validly tendered and not validly withdrawn to determine the number of such shares that have been accepted from each tendering shareholder. Based on the final count by the exchange agent, Computershare Trust Company, N.A., the final results of the exchange offer are as follows: 31.2870888% of the tendered shares of GE common stock subject to proration exchanged; shares tendered that were subject to proration: 2,143,371,163; odd-lot shares tendered that were not subject to proration: 768,324; total number of shares of GE common stock accepted: 671,366,809.
November 19, 2015
16:00 EDTGEOptions Update; November 19, 2015
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10:01 EDTLMTLockheed Martin selected by Swedavia to deliver new operational systems
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07:12 EDTGECanadian Solar subsidiary closes financing for 100MW Astoria solar power project
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November 18, 2015
08:10 EDTGEGE's Power Services reports first GT13E2 MXL2 gas turbine upgrade order in Asia
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07:42 EDTLMTLockheed Martin reinstated with a Neutral at Credit Suisse
Target $210.
November 17, 2015
18:45 EDTLMTLockheed Martin receives FAA approval for hybrid airship certification plan
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16:01 EDTGEOptions Update; November 17, 2015
iPath S&P 500 VIX Short-Term Futures up 1.32 to 21.07. Option volume leaders: GE BAC AAPL FB NFLX SYF WMT CSCO MU SUNE VRX BABA AMZN HD FCX
09:35 EDTGEActive equity options trading on open: AAPL FB GE HD
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09:27 EDTGESynchrony announces completion of separation from General Electric
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06:41 EDTGEGE's offer to exchange Synchrony's shares was oversubscribed by 3.2 times
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05:29 EDTGEGeneral Electric announces new Renewable Energy business
GE introduced its new Renewable Energy business at the European Wind Energy Association's 2015 Annual Event in Paris. The new unit significantly expands GE's wind portfolio in the wake of its recent acquisition of Alstom's power and grid businesses. The new business expands GE's global wind footprint to more than 30,000 turbines worldwide and significantly increases its presence in regions like Europe and Latin America. In Europe alone, GE's installed base will grow by approximately 50% as a result of the deal. In addition, GE Renewable Energy is welcoming a new offshore wind unit into the portfolio. Featuring new Haliade turbine technology, the offshore business has built a significant backlog of orders with EDF in France and has been selected for the Merkur offshore project in Germany. The Haliade technology will also be featured in the historic Block Island project, which is set to become the first offshore wind farm in the United States. Construction is underway, and the project will begin operation next year. Customers can also expect to see service-related benefits resulting from the acquisition. GE Renewable Energy plans to extend its services capabilities across both existing fleets, with an emphasis on using cutting-edge digital and analytics capabilities to help customers improve productivity and increase power output. Earlier this year, GE launched its Digital Wind Farm, which aims to create a digital infrastructure for the wind industry. The Digital Wind Farm harnesses the analytics power of the GE Store and is powered by Predix, the secure software platform for the Industrial Internet.
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