Recent News: Stock Performance

GE tumbles as investors fret over financial stocks
Shares of General Electric Co. fell 7.5 percent Monday, extending their Friday declines on fears that its financial business would be hit by the collapse of Lehman Brothers and shakiness at other banks. Lehman Brothers Holdings Inc. has filed for Chapter 11 bankruptcy protection while Merrill Lynch & Co agreed to sell itself to Bank of America Corp. in an all-stock transaction worth about $50 billion to avoid more losses....

GE Sinks Over GE Capital Worries
THE FINANCIAL STORM TODAY is engulfing General Electric (ticker: GE), whose shares are off $1.71 to $25.04, as investors worry about higher funding costs at GE Capital Services and asset-quality issues at the finance unit. A key problem for GE is that GE Capital is an enormous borrower with some $540 billion of debt outstanding at the end of the second quarter. With GE Capital credit-default swaps trading at about 3 percentage points today, double recent levels, the company's financing costs may soon rise, squeezing profit margins....

GE tumbles on financial worry
General Electric Co. shares tumbled for a second straight trading day on Monday to a five-year low as investors scrambled to reduce their exposure to the financial sector following the bankruptcy of Lehman Brothers Holdings Inc. The decline of 5 percent on the day pushed GE's market capitalization to $251.5 billion, $1 billion above that of Microsoft Corp the third largest U.S. company by market capitalization....