Google, General Electric back renewable energy, smart grid
Pushing forward any new technology project can be easier with Google on your side. That's why General Electric joined with the Internet behemoth in a joint effort to further consumer energy options and help America's electricity infrastructure...
General Electric's Drag
Triple-A-rated General Electric is best known for light bulbs and refrigerators, and it has long been among the bluest of blue chips stocks on Wall Street. But despite its industrial past, these days, GE is essentially a bank in drag. Of its $46.9 billion in second-quarter revenue, 40.7% came from its financial operations. On June 30, finance accounted for 82.1% of GE's company-wide assets....
GE's slide continues on financial unit worries
Shares of General Electric Co. dropped nearly 7 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."...
GE And Google Announce '21st Century' Electricity System
Blaise Zerega says let the energy search begin. In a marriage of old and new economy, Google and GE today announced a partnership to promote sustainable energy. With the ongoing financial turmoil as a backdrop, both companies are coming together to collaborate on new, renewable technologies that could, ultimately, deliver energy independence and help our economy....
Target slashed on GE
The stock market can behave irrationally at times, but who wants to bet against it when it is in one of its moods? Not Nigel Coe, an analyst at Deutsche Bank, who slashed his 12-month price target on General Electric Co. to $28 (U.S.) a share from $33 – a 15 per cent cut...
Reuters Summit-GE sees surge in bankruptcies
General Electric Co expects U.S. demand for financing to help bankrupt companies restructure themselves to rise by five or six times this year as a credit crunch leaves a growing number of businesses scrambling for liquidity....
GE shares climb 10 percent in late trading
General Electric Co. shares rose 10 percent in late trading on Thursday, amid a broad rally in U.S. stocks after CNBC reported that the U.S. Treasury Department was working on a solution to the financial crisis....
Showing posts with label JP Morgan. Show all posts
Showing posts with label JP Morgan. Show all posts
Tuesday, September 23, 2008
Thursday, September 18, 2008
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....
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....
Thursday, February 28, 2008
Recent News: Security in Brussels, GE Aviation, and GE/NBC Breakup,
GE Security Explosives Detection Systems deployed to Brussels South Charleroi airport
GE Security, Inc., a business of GE Enterprise Solutions (NYSE:GE), today announced its Homeland Protection business has sold and deployed two TSA-certified CTX 9000 DSi ™ advanced technology explosives detection systems (EDS) to support checked bag screening at Brussels South Charleroi Airport’s recently opened passenger terminal...
GE-Aviation Moves Tote-Tracking Pilot to Production
GE-Aviation, the engine-manufacturing division for civil and military jet aircraft at General Electric, recently brought an RFID-based order-tracking system into production, according to Trey Keisler, GE-Aviation's information management leader for planning and logistics...
BBDO Toronto wins GE appliances account
Mabe Canada, the Canadian manufacturer, distributor and marketer of GE Appliance products - including GE, GE Profile and GE Monogram - has chosen BBDO Toronto as its advertising agency of record....
Analyst Recommends GE-NBC Breakup in '08
JPMorgan analyst C. Stephen Tusa Jr. said in a note to investors on Thursday that the timing is right for General Electric Co. to consider a potential breakup to separate NBC Universal....
GE Security, Inc., a business of GE Enterprise Solutions (NYSE:GE), today announced its Homeland Protection business has sold and deployed two TSA-certified CTX 9000 DSi ™ advanced technology explosives detection systems (EDS) to support checked bag screening at Brussels South Charleroi Airport’s recently opened passenger terminal...
GE-Aviation Moves Tote-Tracking Pilot to Production
GE-Aviation, the engine-manufacturing division for civil and military jet aircraft at General Electric, recently brought an RFID-based order-tracking system into production, according to Trey Keisler, GE-Aviation's information management leader for planning and logistics...
BBDO Toronto wins GE appliances account
Mabe Canada, the Canadian manufacturer, distributor and marketer of GE Appliance products - including GE, GE Profile and GE Monogram - has chosen BBDO Toronto as its advertising agency of record....
Analyst Recommends GE-NBC Breakup in '08
JPMorgan analyst C. Stephen Tusa Jr. said in a note to investors on Thursday that the timing is right for General Electric Co. to consider a potential breakup to separate NBC Universal....
Friday, February 15, 2008
Recent News: GE X-Ray, GE-NBC Breakup, and GE Security
OSHA forms safety and health partnership for GE X-ray manufacturing facility project at RPI Tech Park
Enhanced safety and health protections for more than 350 employees constructing the General Electric Healthcare Digital X-Ray Detector manufacturing plant at the Rensselaer Technical Park in North Greenbush, N.Y., is the goal of a new partnership among federal and New York state agencies, the general contractor and union representatives...
Analyst Recommends GE-NBC Breakup in '08
JPMorgan analyst C. Stephen Tusa Jr. said in a note to investors on Thursday that the timing is right for General Electric Co. to consider a potential breakup to separate NBC Universal...
GE Capital Solutions loans LI developer $6.3M to convert Albany nursing home into hotel
GE Capital Solutions loaned $6.3 million to a Long Island developer to convert the former Eden Park Nursing Home in Albany, N.Y., into a hotel. True North Development Group will use the interest-only loan to renovate the former nursing home at 22 Holland Ave. into a 106-room extended-stay hotel, Town Place Suites by Marriott...
GE Security Explosives Detection Systems Deployed to Brussels South Charleroi Airport, Helping Increase Effectiveness, Efficiency and Convenience of Checked Bag Screening
GE Security, Inc., a business of GE Enterprise Solutions (NYSE:GE), today announced its Homeland Protection business has sold and deployed two TSA-certified CTX 9000 DSi ™ advanced technology explosives detection systems (EDS) to support checked bag screening at Brussels South Charleroi Airport’s recently opened passenger terminal...
Enhanced safety and health protections for more than 350 employees constructing the General Electric Healthcare Digital X-Ray Detector manufacturing plant at the Rensselaer Technical Park in North Greenbush, N.Y., is the goal of a new partnership among federal and New York state agencies, the general contractor and union representatives...
Analyst Recommends GE-NBC Breakup in '08
JPMorgan analyst C. Stephen Tusa Jr. said in a note to investors on Thursday that the timing is right for General Electric Co. to consider a potential breakup to separate NBC Universal...
GE Capital Solutions loans LI developer $6.3M to convert Albany nursing home into hotel
GE Capital Solutions loaned $6.3 million to a Long Island developer to convert the former Eden Park Nursing Home in Albany, N.Y., into a hotel. True North Development Group will use the interest-only loan to renovate the former nursing home at 22 Holland Ave. into a 106-room extended-stay hotel, Town Place Suites by Marriott...
GE Security Explosives Detection Systems Deployed to Brussels South Charleroi Airport, Helping Increase Effectiveness, Efficiency and Convenience of Checked Bag Screening
GE Security, Inc., a business of GE Enterprise Solutions (NYSE:GE), today announced its Homeland Protection business has sold and deployed two TSA-certified CTX 9000 DSi ™ advanced technology explosives detection systems (EDS) to support checked bag screening at Brussels South Charleroi Airport’s recently opened passenger terminal...
