Daily Stocks News » GE

CEO JEFFREY IMMELT,General Electric Insider Buys $1 Million of Shares on January 27th 2014

Warren Paige — Mon, 03 Feb 2014 13:30:12 +0000

JEFFREY IMMELT, CEO of General Electric, bought 40,000 shares of General Electric (Stock Symbol: GE) at $25.04 per share for a total amount of $1 million on January 27th, 2014.

Company Name is located in Fairfield, CT.

On January 30th, 2014, Florida East Coast Railway, LLC (FEC) announced that it will acquire 24 new [...]

GE Planning To Spin Off Consumer Lending Business

Warren Paige — Fri, 30 Aug 2013 16:01:27 +0000

Wall Street Journal, citing sources familiar with the matter said on Friday that General Electric Co. (NYSE: GE) is planning to spin off its U.S. consumer lending operations, which is a part of the finance unit of GE capital. The move comes as the conglomerate looks to shift its focus towards core competencies, which is [...]

GE Shares Gain as Q2 Net Income Edges Up 0.9% (GE)

Warren Paige — Sat, 20 Jul 2013 09:47:16 +0000

Diversified technology solutions provider, General Electric Company (NYSE: GE) said on Friday that fiscal second quarter profit rose 0.9% as it booked lower costs and expenses. Although earnings and revenue slipped from the year earlier period, adjusted earnings were better-than-expected, sending shares up 4.61% in regular trading hours. The Fairfield, Connecticut-based Company, which under the [...]

Major Movers on July 19; GE, GOOG, MSFT, AMD, CMG, WHR

Warren Paige — Fri, 19 Jul 2013 17:46:43 +0000

Shares of General Electric Company (NYSE: GE) climbed about 4.60% by afternoon trade. The diversified technology solutions provider’s revenue and non-GAAP earnings slipped in the fiscal second quarter from the year earlier period; however, adjusted earnings beat Wall Street’s expectation. The company said that faster-than-expected shrinkage in its GE Finance unit hurt its revenue. For [...]

GE to Acquire Lufkin Industries (GE, LUFK)

Warren Paige — Mon, 08 Apr 2013 16:01:26 +0000

General Electric Company announced on Monday that it has agreed to acquire oilfield services provider, Lufkin Industries Inc. (NASDAQ: LUFK), in deal estimated at about $ 3.38 billion.

The world’s largest electric turbines and jet engine maker said that the acquisition deal includes debt and is expected to close by the second half of [...]

Comcast to Acquire Remaining 49% Stake from GE at NBC Universal for $16.7 billion (CMCSA, GE)

Warren Paige — Wed, 13 Feb 2013 07:04:45 +0000

Comcast Corp. (NASDAQ: CMCSA), on Tuesday, announced that it will acquire remaining 49% equity stake from General Electric Co. (NYSE: GE) in their NBC Universal joint-venture, which it does not already own, for about $16.7 billion.

Earlier in 2011, Comcast bought 51% stake in NBC Universal after it won antitrust approval from the Justice [...]

Major Movers on January 18; LIFE, COF, INTC, MS, GE

Warren Paige — Fri, 18 Jan 2013 19:48:14 +0000

Shares of Life Technologies Corp. (NASDAQ:LIFE) rallied on Friday. According to a report carried on Financial Post newspaper, the gene sequencing company has appointed Deutsche Bank AG and Moelis & Co for a strategic review, which could possibly result in company going private through a leveraged buyout (LB) or being acquired by larger industry players.

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GE Posts Strong Quarterly Profits

Warren Paige — Fri, 18 Jan 2013 15:20:44 +0000

World’s largest jet engines and wind turbine manufacturer, General Electric Co. (NYSE: GE) posted better-than-expected fiscal fourth-quarter results as CEO Jeff Immelt’s deeper focus both on energy equipment business and emerging markets offset lackluster demand in the U.S and Europe.

Shares were gaining 3.50% premarket trading.

The Company reported net income of $4 billion, [...]