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Stock Market & Financial Investment News

News Breaks
May 27, 2014
12:32 EDTTGI, GETriumph Group agrees to acquire GE hydraulic actuation business for $70M
Triumph Group (TGI) announced that it has entered into a definitive agreement to acquire the hydraulic actuation business of GE Aviation (GE). GEís hydraulic actuation business consists of three facilities located in Yakima, Washington, Cheltenham, England and the Isle of Man and will be included in the Aerospace Systems Group. The business is expected to add approximately $180M in annual revenue and to be immediately accretive to earnings. The purchase price will be approximately $70M. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the current fiscal quarter.
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September 26, 2014
12:09 EDTGEPowell sinks to 52-week low after cutting fiscal 2014 outlook
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10:01 EDTGEGE Oil & Gas plans to open Florida manufacturing facility
GE (GE) Oil & Gas announced plans to invest more than $50M in a new manufacturing facility located in Jacksonville, Florida. The new facility will manufacture GEís Mooney regulators and Becker control valves for the energy industry, among other oil and gas industry products. The facility is expected to open in November and will create at least 500 jobs over the next three years. GE chose to open a facility in Jacksonville to help meet the demand of its industrial technology solutions worldwide. The new facility will incorporate manufacturing processing technologies to foster the innovation of oil and gas products. By optimizing the way products are made, GE Oil & Gas will be able to design, test and bring products to market faster for its customers.
06:35 EDTGEGE Capital expects close of GE Money Bank sale to Santander to be in Q4
GE Capital, the financial services division of GE, said that it now expects the close of its GE Money Bank AB consumer finance business sale to Santander (SAN) Consumer Finance, announced on June 21, 2014, to be in the fourth quarter of 2014. GE Capital estimates the timing of the close, and the associated gain, will lower third quarter 2014 earnings by approximately 2c per share and increase fourth quarter 2014 earnings by the same amount. There is no change to the full year outlook for GE or GE Capital.
September 24, 2014
17:57 EDTGEGE set to increase industrial battery sales in Japan, Nikkei says
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12:22 EDTGEGE says not in talks to acquire SunEdison, Bloomberg reports
Bloomberg cites a GE (GE) spokesperson, who has refuting earlier rumors that the company was considering a purchase of SunEdison (SUNE).
September 23, 2014
13:55 EDTGEAlstom aiming for transport agreements beyond GE division, Reuters says
Alstom's (ALSMY) transport sector president and executive vice-president Henri Poupart-Lafarge said that the company's takeover of GE's (GE) rail signaling division is a "fantastic" agreement for the French firm, who is aiming to look for future purchases in this sector, according to Reuters, citing comments Poupart-Lafarge. Reference Link
10:05 EDTGEGE signs MOU with TransCanada for further development of gas turbine
GE (GE) announced the launch of a new 16.5 megawatt gas turbine, the NovaLT16, for mechanical drive and power generation applications in the oil and gas industry. The NovaLT16 benefits from the industry insights of TransCanada (TRP) and the two companies signed a Memorandum of Understanding to progress development of NovaLT16 gas turbine including technical evaluation, gas station layout optimization and negotiation of the terms and conditions for purchase, GE announced. Completed units, including all auxiliaries systems and controls, are planned for release to the market in early 2016.
08:38 EDTTGIBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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September 22, 2014
13:02 EDTGEGE Healthcare announces FDA 510k clearance of Discovery IQ
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08:12 EDTGEGeneral Electric turbines selected by Nareva for 100MW wind farm in Morocco
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05:32 EDTGEHologic upgraded to Overweight from Neutral at Piper Jaffray
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September 19, 2014
17:10 EDTGEGeneral Electric considers deal with Dresser-Rand, FT reports
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16:25 EDTGEGeneral Electric said in talks with Dresser-Rand on potential deal, FT reports
September 18, 2014
06:52 EDTGEGeneral Electric shares attractive at current levels, says Barclays
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September 17, 2014
10:00 EDTGEOn The Fly: Analyst Initiation Summary
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07:39 EDTGEMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.
September 16, 2014
16:36 EDTGEGeneral Electric initiated with a Buy at Stifel
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10:31 EDTGEGE Hitachi's ESBWR receives NRC design certification approval
GE Hitachi Nuclear Energy announced that its Economic Simplified Boiling Water Reactor design certification has been approved by the U.S. Nuclear Regulatory Commission. The commissionís action acknowledges the finding by NRC staff that the ESBWR design meets all safety and regulatory requirements. Per the NRCís previously published schedule, the final ESBWR design certification rule is expected to be published in the Federal Register by the end of September.
08:25 EDTGESnecma expects 1,800 CFM56s to be produced in FY19
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06:54 EDTGEGE evades geared design in jet engine war versus Pratt, Reuters says
GE's (GE) Chief Technology Officer Mark Little said that the company evaded using a geared design for its new engine for narrowbody aircrafts due to worries about weight and soundness, as the company duels with competitor Pratt & Whitney for engine orders, according to Reuters, citing comments from Little. Pratt & Whitney is part of United Technologies (UTX). Reference Link
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