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Stock Market & Financial Investment News

News Breaks
May 21, 2014
11:56 EDTUTX, GENavy looks to boost sales of Sikorsky CH-53K helicopter, WSJ says
The U.S Navy is in discussions with other governments to increase the planned purchase of CH-53K helicopters that are built by United Technologies' (UTX) Sikorsky unit, says the Wall Street Journal. General Electric (GE) manufactures the engines that power CH-53K, added the WSJ. Reference Link
News For UTX;GE From The Last 14 Days
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September 16, 2014
16:36 EDTGEGeneral Electric initiated with a Buy at Stifel
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16:33 EDTUTXUnited Technologies initiated with a Hold at Stifel
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16:04 EDTUTXUnited Technologies seeks big deals but says pipeline 'not robust,' Reuters says
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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 commission’s action acknowledges the finding by NRC staff that the ESBWR design meets all safety and regulatory requirements. Per the NRC’s 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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07:15 EDTUTXPratt expects upcoming F-35 agreements to reduce espenses, Reuters says
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06:54 EDTGE, UTXGE 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
06:29 EDTUTXPratt & Whitney close to engine supply deal with Pentagon, WSJ reports
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September 15, 2014
17:36 EDTUTXSikorsky Aircraft awarded $203.57M government contract modification
Sikorsky Aircraft, a United Technologies company, was awarded a $203.57M modification to firm-fixed-price contract W58RGZ-12-C-0008 to procure 18 Green UH-60M Blackhawk helicopters, and 18 foreign military sales Green government furnished property to contractor furnished property, to support the Mexican Air Force. FY14 other procurement funds in the amount of $203.57M were obligated at the time of the award. Estimated completion date is May 30, 2016.
11:09 EDTGERadioShack rises after CFO resigns, analyst suggests Amazon should buy stores
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07:19 EDTGESNIA to hold a conference
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September 12, 2014
13:46 EDTGEGE scraps contract to build Acu Port plant, WSJ says
One of GE's Brazilian divisions scraped a contract to construct an industrial plant at Brazil's Acu Port in Rio de Janeiro, according to The Wall Street Journal, citing the port's operator. The CEO of Prumo Logistica Global Edwardo Parente said that another GE arm has entered discussions with Prumo regarding interest to lease a more expensive piece of land within the port. Reference Link
September 11, 2014
14:10 EDTGEIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
September 10, 2014
09:59 EDTGEGE Oil & Gas expects onshore industry to see 6% growth rate between 2014-2017
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09:46 EDTGEGE Oil and Gas sees increasing use of downstream
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09:20 EDTGEGE Oil & Gas selected by Freeport LNG for LNG export project
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09:11 EDTGEGeneral Electric sees 1.5% oil demand growth and 3.5% gas demand growth
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09:09 EDTGEGE provides technology, capital to quicken Texas project construction
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09:07 EDTGEGE, Statoil, Ferus Natural Gas Fuels announce pilot project expansion
A joint venture of GE (GE) and Ferus Natural Gas Fuels,along with Statoil (STO) announced the planned expansion of a pilot project to capture flare gas and use it to power up to six of Statoil’s drill rigs and one frac fleet in North Dakota. The expansion is the first step by Statoil to move into full commercial adoption of the GE and Ferus NGF joint venture’s Last Mile Fueling Solution, which is expected to reduce emissions and provide cost-savings and logistics solutions for the company’s Bakken oilfield operations. The company anticipates this new commercial expansion will increase its flare gas capture to between 3M-5M standard cubic feet per day by the end of 2014, equating to GHG emissions reductions of between 120K and up to 200K metric tons per year, or the equivalent of removing between 25K-45K cars from the road.
September 9, 2014
06:25 EDTGEGeneral Electric to focus on finance, industrial equipment, WSJ reports
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