Recent News: Stock Performance Continued

Why blue chips will bounce back
For many years, investors took it on faith that a portfolio of big blue-chip stocks - chockfull of familiar names like General Electric and Coca-Cola - was the surest path to investing success. Why get cute with complicated stuff like foreign equities or small-cap shares when you could invest in well-known, industry-leading companies, sleep well at night and watch your portfolio steadily grow?...

GE tumbles 8 percent on financial worry
General Electric Co shares tumbled for a second straight trading day on Monday, hitting a five-year low as investors scrambled to reduce their exposure to the financial sector following the bankruptcy of Lehman Brothers Holdings Inc...

GE shares hit new five-year low on financial jitters
The Fairfield, Conn., conglomerate operates one of the largest financial-services companies in the U.S., making up about 45% of its overall business, with the rest coming from its industrial products and services side. Shares plunged nearly 10% in early trading to bottom at $22.16, its lowest point since March 2003. Later in the morning, however, the stock rose back to $25 on word the U.S. government may consider funding for AIG to help keep the insurer solvent...

GE shares slide for 3rd consecutive session
Shares of General Electric Co. opened lower Tuesday, extending a losing streak for a third consecutive session. Shares closed down 5 percent Friday as worries about the financial sector added to fears about GE's inability to sell its private-label credit card business...

GE shares down, CEO sees no need to panic
General Electric Co shares tumbled 6.6 percent on Wednesday, even as the conglomerate's chief executive said people should be "concerned but not panicked" about the financial crisis. GE has lost about 17 percent of its market value, or $46.7 billion, over the past week, as the bankruptcy of investment bank Lehman Brothers Holdings Inc and a U.S. government bailout of insurer American International Group Inc spooked investors....

GE's slide continues on financial unit worries
Shares of General Electric Co. dropped 9 percent Wednesday, hurt by investor worries about its financial services unit amid the global credit crisis. Analyst C. Stephen Tusa Jr. of JPMorgan said in an investor note Wednesday that he expects GE's finance business to decline by between 5 percent and 10 percent next year. He previously said growth would be flat, but now says that estimate "looks unrealistic."...

Analyst: GE doesn't need to sell credit unit
An analyst at Stern, Agee & Leach Inc. said that General Electric Co. does not need to sell its private label credit card business given the market's instability. Shares of General Electric, which hit a 5-year low Tuesday, have come under pressure in recent days as investors worried that earnings at its GE Capital unit could face the same challenges as other financial services firms...

GE shares reverse slide
Shares of General Electric Co. traded higher Tuesday, reversing a two-day losing streak.
Shares closed down 5 percent Friday as worries about the financial sector added to fears about GE's inability to sell its private-label credit card business....