Traders Seek Protection Against Dips In GE Stock
Options traders appear to be taking a cautious approach to General Electric Co. (GE) as the company's shares hover near a 52-week low. Within the first hour of Monday's session, several traders emerged to take moderately bearish positions in General Electric, selling calls and buying puts...
General Electric (GE) NewsBite - GE Rises on CEO's Comments
General Electric (NYSE: GE) opened at $19.78. So far today, the stock has hit a low of $19.69 and a high of $19.88. GE is now trading at $19.72, up $0.21 (1.05%). Over the last 52 weeks the stock has ranged from a low of $17.27 to a high of $40.54. Shares of GE are trading higher this morning after company CEO Jeff Immelt said in an interview this morning that he expects the company to earn $20 billion...
GE CEO tells French newspaper firm to earn $20 billion this year
U.S.-based conglomerate General Electric Co will make $20 billion this year, its Chief Executive Jeff Immelt said in an interview with French business daily Les Echos Monday, without specifying which measure of earnings he was refering to....
GE Set for a Pickens Windfall
General Electric sells more wind turbines, by far, than any other supplier in the nation. But it never sold 667 of them at once until legendary oilman T. Boone Pickens decided to build his own wind farm. His "Pickens Plan" calls for the U.S. to slash its dependence on foreign oil by exploiting its own natural resources instead. By using more wind to fuel its power plants and more natural gas to power its cars, Pickens predicts, the U.S. could cut its dependence on foreign oil by one-third in the next 10 years...
General Electric orders 25 China-made jetliners
General Electric Co. agreed to buy 25 Chinese-made regional jets Tuesday, marking the first overseas order for the aircraft and providing a major boost for the manufacturer. GE's leasing unit GECAS signed an agreement to purchase the 70-seater ARJ21-700 aircraft, the official Xinhua News Agency reported Tuesday....
GE says does not expect Treasury investment
General Electric Co does not expect the Treasury Department to offer to invest funds from a $700 billion fund to bail out the financial industry in its GE Capital arm, but would listen to a proposal if one were made, a GE spokesman said on Tuesday....
Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
Tuesday, November 4, 2008
Recent News: Stock Performance, Immelt Comments, Earnings, Pickens, Wind Energy, Chinese Jetliners, and Treasury Investment
Thursday, October 23, 2008
Recent News: Battery-powered jobs, Haier, NBC Universal, Ecomagination, and Fed facility
GE stepping up push for battery-powered cars General Electric Co. is stepping up its investment in developing new battery technologies for autos as it looks to increase its role in electrifying cars -- one of the key strategies to boost fuel efficiency and reduce carbon dioxide emissions.....
China's Haier plays waiting game for GE unit
Haier, China's largest home appliance maker, plans not to bid for General Electric Co's appliances unit until it sees clear signs of a U.S. market recovery, said people with direct knowledge of the matter. A bid for GE's appliances business, which the U.S. giant put on the block in May, could be Haier's last opportunity to buy a household U.S. brand, part of its ambitions to reach global consumers rather than just Chinese....
NBC Universal Outlines 3% Budget Cut
NBC Universal is looking to shave $500 million from next year's budget, in a new sign that the broader economic crisis is likely to exact a stiff toll on the media sector. The General Electric Co. unit, which includes broadcast and cable-TV networks, local television stations and a movie studio, says the cuts will amount to 3% of its 2009 budget....
GE’s 2008 Ecomagination Revenues to Rise 21%, to $17 Billion
GE reports that, amidst global economic turbulence, revenues from its range of energy efficient and environmentally advantageous products and services will surge 21% to $17 billion in 2008, while GE’s annual investment in cleaner research and development will pass $1.4 billion....
GE plans to use Fed facility next week
General Electric Co. plans to use the Federal Reserve's new short-term funding facility when it is launched on Monday. The U.S. conglomerate and its finance arm, General Electric Capital Corp, have registered as users of the facility, the company told its commercial paper customers.....
China's Haier plays waiting game for GE unit
Haier, China's largest home appliance maker, plans not to bid for General Electric Co's appliances unit until it sees clear signs of a U.S. market recovery, said people with direct knowledge of the matter. A bid for GE's appliances business, which the U.S. giant put on the block in May, could be Haier's last opportunity to buy a household U.S. brand, part of its ambitions to reach global consumers rather than just Chinese....
NBC Universal Outlines 3% Budget Cut
NBC Universal is looking to shave $500 million from next year's budget, in a new sign that the broader economic crisis is likely to exact a stiff toll on the media sector. The General Electric Co. unit, which includes broadcast and cable-TV networks, local television stations and a movie studio, says the cuts will amount to 3% of its 2009 budget....
GE’s 2008 Ecomagination Revenues to Rise 21%, to $17 Billion
GE reports that, amidst global economic turbulence, revenues from its range of energy efficient and environmentally advantageous products and services will surge 21% to $17 billion in 2008, while GE’s annual investment in cleaner research and development will pass $1.4 billion....
GE plans to use Fed facility next week
General Electric Co. plans to use the Federal Reserve's new short-term funding facility when it is launched on Monday. The U.S. conglomerate and its finance arm, General Electric Capital Corp, have registered as users of the facility, the company told its commercial paper customers.....
Friday, October 17, 2008
Recent News: Steel Mill Financing, Commercial Paper Subsidies, Commercial Properties, Locomotives in Kazakhstan, China, and Jim Cramer - Warren Buffet
GE unit increases steel mill financing by $100M
GE Commercial Finance Corporate Lending, a unit of General Electric Co., announced Wednesday it will increase its financing of a Mississippi steel mill by $100 million...
Fed Offers GE, Citigroup Commercial Paper Subsidies
The Federal Reserve may subsidize U.S. companies by buying their short-term debt at rates below those demanded by private investors in the $1.6 trillion commercial-paper market. Fed officials yesterday set the yield they will pay for commercial paper at about 1.1 percentage points less than the average cost for financial companies, weekly central bank data show. Policy makers last week announced emergency plans to buy the securities after the market shrank to a three-year low...
GE's 'Honey Pot' Properties Turn Sour
When the real-estate market was booming, General Electric Co.'s commercial-property business earned the nickname "the honey pot" among insiders because the company could increase earnings simply by selling a building or two. But now, the opposite is true: GE's difficulty selling its office buildings, shopping centers and other commercial property is dragging down its financial results....
GE plans to build trains in Kazakhstan
The Kazakh venture of General Electric Co. plans to produce as many as 200 locomotives a year starting in 2011. GE, the world's largest maker of locomotives, and AO Kazakhstan Temir Zholy National Co., the country's state-owned rail company, plan to produce up to 100 train engines a year starting in 2009 at a new $750 million plant in the capital Astana, Temir Zholy said Tuesday....
GE private equity arm holding off on new China buys
A private equity unit of General Electric said on Thursday that it would focus on its existing investment portfolio in China rather than investing in new projects over the next 2-3 years amid poor market conditions. Zhu Wenqian, head of private equity and business development, Greater China at GE Commercial Finance, said asset managers and investors would have to prepare for "a sustained war" before the markets start to recover....
Crisis stresses in-house lending of U.S. companies
Increasing signs of stress at the finance arm of General Electric Co has triggered some concerns about other companies with in-house lending units and their ability to weather the financial crisis....
Cramer: Sure, Buffett Can Afford to Buy Here
Great to see Warren Buffett buying here. Fabulous. He has a lot of firepower. He is right to buy American. And I want to go with him, except, he's been buying for awhile, and, more important, he can be down 20% to 30% and it doesn't matter...
GE Commercial Finance Corporate Lending, a unit of General Electric Co., announced Wednesday it will increase its financing of a Mississippi steel mill by $100 million...
Fed Offers GE, Citigroup Commercial Paper Subsidies
The Federal Reserve may subsidize U.S. companies by buying their short-term debt at rates below those demanded by private investors in the $1.6 trillion commercial-paper market. Fed officials yesterday set the yield they will pay for commercial paper at about 1.1 percentage points less than the average cost for financial companies, weekly central bank data show. Policy makers last week announced emergency plans to buy the securities after the market shrank to a three-year low...
GE's 'Honey Pot' Properties Turn Sour
When the real-estate market was booming, General Electric Co.'s commercial-property business earned the nickname "the honey pot" among insiders because the company could increase earnings simply by selling a building or two. But now, the opposite is true: GE's difficulty selling its office buildings, shopping centers and other commercial property is dragging down its financial results....
GE plans to build trains in Kazakhstan
The Kazakh venture of General Electric Co. plans to produce as many as 200 locomotives a year starting in 2011. GE, the world's largest maker of locomotives, and AO Kazakhstan Temir Zholy National Co., the country's state-owned rail company, plan to produce up to 100 train engines a year starting in 2009 at a new $750 million plant in the capital Astana, Temir Zholy said Tuesday....
GE private equity arm holding off on new China buys
A private equity unit of General Electric said on Thursday that it would focus on its existing investment portfolio in China rather than investing in new projects over the next 2-3 years amid poor market conditions. Zhu Wenqian, head of private equity and business development, Greater China at GE Commercial Finance, said asset managers and investors would have to prepare for "a sustained war" before the markets start to recover....
Crisis stresses in-house lending of U.S. companies
Increasing signs of stress at the finance arm of General Electric Co has triggered some concerns about other companies with in-house lending units and their ability to weather the financial crisis....
Cramer: Sure, Buffett Can Afford to Buy Here
Great to see Warren Buffett buying here. Fabulous. He has a lot of firepower. He is right to buy American. And I want to go with him, except, he's been buying for awhile, and, more important, he can be down 20% to 30% and it doesn't matter...
