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Stock Market & Financial Investment News

News Breaks
January 14, 2013
07:02 EDTGE, METMetLife completes sale of MetLife Bank deposit business to GE Capital
MetLife (MET) announced that it has completed the sale of MetLife Bank, N.A.ís deposit business to GE Capital Retail Bank, FSB, a subsidiary of GE Capital (GE. As a result, approximately $6.4B in bank deposits have been transferred to GE Capital Retail Bank. The transaction was approved by the Office of the Comptroller of the Currency on December 12, 2012. MetLife has begun to take the necessary administrative steps to deregister as a bank holding company.
News For MET;GE From The Last 14 Days
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March 5, 2015
11:33 EDTGEGE says cautious on how it sees Brazil, still constructive on Mexico
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March 4, 2015
08:54 EDTGEGE to provide Stockholm Vatten with MBR equipment
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07:28 EDTMETRegulator delays MetLife lawsuit, requests decision early 2016, Reuters says
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07:23 EDTGEGE CEO Immelt not leaving the company, TheStreet reports
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March 3, 2015
11:03 EDTGEAnalyst says GE's Immelt may leave in industrial CEO exodus, Bloomberg says
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10:52 EDTGEGeneral Electric March weekly volatility elevated, shares near three-month high
General Electric March weekly call option implied volatility is at 19, March is at 15, April and May is at 14, ; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
February 25, 2015
13:02 EDTMETMetLife Home Loans to pay $123.5M to resolve mortgage lending violations
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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 Commissionís 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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