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Stock Market & Financial Investment News

News Breaks
November 9, 2012
12:21 EDTLMT, GEDefense 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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June 30, 2015
06:18 EDTGESumitomo Mitsui close to deal to buy GE's European PE finance unit, WSJ reports
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June 29, 2015
17:23 EDTLMTLockheed Martin awarded $119.2M government contract
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09:33 EDTLMTLockheed Martin signs purchase agreements with Airbus for two flight simulators
Lockheed Martin (LMT) Commercial Flight Training and Airbus (EADSY) have signed a frame contract enabling Airbus to expedite procurement of flight simulation devices for their customers, Airbus training centers and their affiliates worldwide. The frame contract emphasizes the shared intent to partner on future training programs, and combines Airbus' and Lockheed Martin Commercial Flight Training's expertise in the flight simulation industry. As a first example of this process, Airbus Mexico Training Centre has ordered two LMCFT A320 full flight simulators for their operations in Mexico City and Monterrey to be delivered in late 2015 and early 2016.
08:04 EDTGEBlackstone Mortgage completes acquisition of GE loan portfolio
Blackstone Mortgage (BXMT) announced that it has completed the acquisition of substantially all of the GE (GE) Capital Real Estate mortgage loan portfolio.
05:21 EDTGEGE to sell majority of fleet businesses to Element Financial for $6.9B
GE announced that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial for $6.9B. Separately, GE has signed a memorandum of understanding for the potential sale of its European fleet businesses to Arval, a fully owned subsidiary of BNP Paribas. Arval and GE will now consult with their respective works councils. The transactionsí completion will also be subject to customary regulatory and other local corporate or antitrust approvals. Both transactions represent an aggregate of about $8.6B of ending net investment, approximately $6.0B to Element and about $2.6B to Arval. This brings GE Capitalís total announced sales to about $63B to date. GE is on track to execute sales of $100B by the end of 2015. The transactions would, if completed, contribute approximately $1.8B of capital to the overall target of approximately $35B of dividends expected to GE under this plan. The U.S. and Mexico transaction is expected to close in Q3, and the A&NZ transaction in Q4, subject to customary regulatory and other approvals. If approved, the Arval transaction is targeted to close in Q4.
05:19 EDTGEGE to sell majority of fleet businesses to Element Financial for $6.9B
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June 28, 2015
16:20 EDTGEGE requests July 2 hearing in EU to defend Alstom bid, Reuters says
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16:15 EDTGEElement Financial nears deal for GE fleet management unit, Reuters says
Element Financial is nearing a deal for a large portion of General Electric's fleet-management unit, Reuters reported Friday, citing three sources familiar with the matter. The agreement could be sealed as soon as late June, said the sources, who added that Element is mostly targeting the North American portion of the fleet business. Reference Link
June 26, 2015
07:26 EDTLMTSRA International exploring sale or IPO, Reuters reports
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06:12 EDTGEGeneral Electric to invest in Austrailan windfarm
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June 25, 2015
17:23 EDTLMTLockheed Martin awarded $237.77M government contract
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14:27 EDTGECapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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10:31 EDTGECA Technologies appoints Jeff DeMarrais as Chief Communications Officer
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06:15 EDTGEElectrolux CEO to step down 'on his own initiative,' Reuters reports
Electrolux (ELUXY) CEO Keith McLoughlin will step down from the company "on his own initiative," Reuters reports, citing comments from business daily Dagens Industri. Elextrolux says McLoughlin, who moved to the U.S. from Sweden a few years ago, has not yet resigned, but also noted that "all well-run public companies conduct succession planning." According to Dagens Industri, GE Appliances (GE) head Charles Blankenship would be the "top candidate" to succeed McLoughlin. Reference Link
June 24, 2015
18:21 EDTLMTLockheed Martin awarded $480M government contract
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18:16 EDTGEGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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16:47 EDTGEGeneral Electric reaches preliminary labor agreements with union delegates
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June 23, 2015
16:22 EDTLMTAerojet Rocketdyne awarded contract by Lockheed Martin
Aerojet Rocketdyne (AJRD) recently was awarded a contract from Lockheed Martin (LMT) to deliver XR-5 Hall Effect and MR-510 Arcjet electric propulsion subsystems, as well as monopropellant rocket engines for the modernized A2100 satellite. The contract is for delivery of the flight propulsion subsystems aboard two modernized A2100 satellites that Arabsat recently ordered from Lockheed Martin.
13:02 EDTGESumitomo, others show interest in GE railway-leasing business, WSJ says
Japan's Sumitomo Mitsui Financial Group is interested in buying General Electric's (GE) railway-leasing business, says the Wall Street Journal, citing sources. Wells Fargo (WFC) and other U.S. financial institutions have also shown interest in GE Capital Rail Services, which may be worth around $4B, added the Wall Street Journal, citing people familiar with the matter. Reference Link
09:36 EDTGEActive equity options trading on open
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