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News Breaks | | | | January 14, 2013 | | 07:02 EDT |  | MET, GE | MetLife completes sale of MetLife Bank deposit business to GE Capital
MetLife (MET) announced that it has completed the sale of MetLife Bank, N.A.’s 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. | |
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News For MET;GE From The Last 14 Days Check below for free stories on MET;GE the last two weeks. |
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| May 20, 2013 | | 07:05 EDT |  | GE | General Electric volatility flat into plans to return $18B to holders
 Subscribe for More Information | | | 06:31 EDT | | GE | GE Capital board plans to pay $6.5B of dividends to parent GE in 2013
GE announced that the board of GE Capital Corporation, or GECC, had approved plans for GECC to pay $6.5Bin dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. GECC paid the first-quarter earnings-dividend of $447M to GE on April 19, 2013. In addition, GECC plans $4.5B in special dividends to GE in 2013, subject to the same approvals. Under its balanced capital allocation plan of investing for its long-term growth, maintaining an attractive dividend pay-out and repurchasing stock, GE plans to return $18B cash to its shareholders in 2013, including repurchase of $10B of stock. | | | May 15, 2013 | | 17:30 EDT |  | GE | GE, Boeing warn of defective engine parts, WSJ reports
General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link | | | 17:03 EDT | | GE | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 08:39 EDT |  | MET | MetLife to host investor day
Subscribe for More Information | | | 07:33 EDT | | GE | National Association of Business Economics to hos a conference
Subscribe for More Information | | | May 14, 2013 | | 07:23 EDT | | GE | Oppenheimer to host a summit
Subscribe for More Information | | | 07:11 EDT | | GE | China XD in talks to purchase GE’s Prolec joint venture, Bloomberg reports
Subscribe for More Information | | | 06:09 EDT | | GE | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: North American oil production will dominate world-wide supply growth over the next five years, the International Energy Agency predicted today, the result of growing production from "fracking" and other technologies that access once-inaccessible reserves, the Wall Street Journal reports...REUTERS: Investors are becoming increasingly selective about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning, Reuters reports...State-run Air India Ltd will resume flying its Boeing (BA) 787 Dreamliner passenger jets tomorrow, nearly four months after the planes were grounded due to safety concerns. Air India has six Dreamliners and has ordered 21 more, Reuters reports...BLOOMBERG: China XD Group, a state-controlled power equipment maker, is in talks to buy GE’s (GE) joint venture with Mexico’s Xignux SA for about $1B, sources say, Bloomberg reports...Philadelphia Fed President Charles Plosser said today in Stockholm that a slowing in U.S. inflation to the lowest rate in more than three years doesn’t warrant a Fed policy response, Bloomberg reports. | | | May 9, 2013 | | 11:09 EDT | | MET | MetLife volatility at five year lows into investor day
Subscribe for More Information | | | | May 8, 2013 | | 09:07 EDT | | GE | NextEra Energy selects General Electric's new brilliant wind turbine
Subscribe for More Information | | | May 7, 2013 | | 08:05 EDT | | GE | GE Transportation signs agreement with Aurizon
Subscribe for More Information | | | May 6, 2013 | | 09:06 EDT | | GE | GE announces 1 gigawatt of U.S. wind orders following PTC decision
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