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Stock Market & Financial Investment News

News Breaks
June 30, 2014
10:08 EDTGE, TGITriumph Group announces acquisition of GE Aviation auctuation business
Triumph Group (TGI) announced the completion of the previously announced acquisition of the hydraulic actuation business of GE (GE) Aviation. The acquired business will operate as Triumph Actuation Systems-Yakima and Triumph Actuation Systems- UK & IOM. The business is expected to add approximately $180Min annual revenue and to be immediately accretive to earnings. The purchase price was approximately $70M.
News For TGI;GE From The Last 14 Days
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March 31, 2015
08:07 EDTGEGE Energy Financial Services partners with Pacifico for solar power project
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March 27, 2015
06:01 EDTGEGE Transportation signs locomotive deal with Angola
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March 26, 2015
09:20 EDTGEGeneral Electric acquires Langhope rig wind farm from SSE
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07:25 EDTGEThe Economist to hold a forum
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06:46 EDTGEGeneral Electric raises Lufkin job cuts to 575, Bloomberg says
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March 24, 2015
11:13 EDTGEGeneral Electric's Intelligent Platforms business awarded contract by Air Force
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March 23, 2015
08:13 EDTTGIBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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06:06 EDTGEAres Management, GE Capital invests in package supporting KKR acquisition
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06:03 EDTGEU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
March 19, 2015
11:38 EDTGEGE Marine announces Reinauer purchases two diesel engines, gearboxes
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06:10 EDTGEPhilips planning to spin off lighting business in IPO in 1H16, WSJ reports
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