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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:15 EDTVWDRY, AMSC, SI, GECongress extends wind energy tax credit, GIGAom says
The fiscal cliff deal passed by Congress includes an extension of the wind energy tax credit, which was set to expire on January 1, according to GIGAom. Many wind energy developers had rushed to finish projects at the end of last year in order to qualify for the credit. Reference Link
News For VWDRY;AMSC;SI;GE From The Last 14 Days
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September 26, 2014
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.
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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16:56 EDTAMSCAMSC files $100M mixed securities shelf
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16:25 EDTGEGeneral Electric said in talks with Dresser-Rand on potential deal, FT reports
14:00 EDTVWDRYVestas Wind upgraded to Buy from Neutral at Goldman
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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.
08:36 EDTAMSCAMSC provides update on litigation with Sinovel Wind
AMSC issued several updates regarding its litigation with Sinovel Wind Group. In the trade secret infringement case, the Beijing Higher People's Court upheld AMSC's position by rejecting Sinovel's appeal to transfer the case to the Beijing Arbitration Commission. Additionally, the first substantive hearing in the Beijing copyright infringement case took place at the Beijing No. 1 Intermediate People's Court. Finally, in the U.S. Department of Justice's case against Sinovel, members of its senior management team, and AMSC's former employee, the United States District Court for the Western District of Wisconsin upheld an earlier ruling that the service of summons of the criminal complaint was valid.
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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