Ingersoll Bars Units From Sales to Iran
2010-03-10 04:06:17
Quote: The move by the industrial-parts maker is part of an accelerating trend among major Western companies to reduce their business exposure to Iran.
Caterpillar Inc., Huntsman Corp., General Electric Co. and the German conglomerate Siemens AG have made similar moves over the past year. The companies' decisions have been driven in part by pressure from Western governments to halt dealings with Iran, U.S. officials and industry watchers say. But they add that energy, engineering and technology concern...
Read articleInvestors Tap Into Deathbed Bond Deal
2010-03-10 04:06:17
Quote: There's just one catch: Investors must team up to buy the bonds with someone who is about to die
American International Group Inc., Bank of America Corp., Caterpillar Inc., General Electric Co.'s GE Capital unit and other major U.S. companies often issue bonds with what is known as a survivor's option.
In a little-known practice, investors can recruit a terminally ill person and together they can scoop up these bonds on the open market at a discount. When the ailing bondholder dies, the survivi...
Read articleUPDATE - Russia Sberbank to seek Turkish bank stake-source
2010-03-09 07:02:54
Keywords: Turkey,Western Europe,Europe,Russian Federation,Eastern Europe,United States of America,Emerging countries,Asia,Mergers and Acquisitions (including Changes of Ownership),Banks (industry group),Financials,Italy,Spain,Middle East,United Kingdom,Banks,Indust
Quote: conglomerate General Electric is selling the stake
as part of its strategy to scale back its finance arm. "GE is delighted that Sberbank is going to be one of five
or six bidders for its stake in Garanti," the source told
Reuters, on condition of anonymity. He said bids were due by
March 12. "GE is delighted that, in this environment, there is so
much interest in the stake." Sberbank was not available for comment late on Monday, a
public holiday in Russia. Officials at Garanti Bank were also
una...
Read articleGE: Limit PCB contamination during Hudson dredging
2010-03-09 07:02:50
Quote: (AP) -- General Electric Co. on Monday proposed a halting further dredging of the Hudson River if PCBs churned up by the work spread too much pollution downriver during the second phase of an ongoing cleanup.GE made the proposal as the company and the federal Environmental Protection Agency were set to release separate reports assessing the dredging in 2009 of PCB "hot spots" north of Albany. The EPA had yet to release its report Monday afternoon, but the agency has been much more upbeat in its ...
Read articleUnited Technologies: Best in Class
2010-03-09 07:02:49
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, David MacDougall ,TheStreet.com Ratings
Quote: BOSTON (TheStreet) -- Conglomerates have gotten a bad rap because of the woes of the biggest and most well-known of the breed, General Electric(GE).General Electric, which makes everything except kitchen sinks, got in trouble when its diversification went awry, and the 124-year-old company posted billion-dollar losses in financial services, which was far from its area of expertise. But don't write off all conglomerates because of GE's empire-building fetish.DanaherDHR) and 3MMMM) recorded big ga...
Read articleThe Rebound: Numbers tell story of market recovery
2010-03-08 02:18:53
Quote: from $3.75 to $16.70.-- 121 percent: Gain in a share of General Electric Co. from $7.41 to $16.35.Wal-Mart Stores Inc. from $47.51 to $54.14.the S&P 500 index.-- -$1.55 billion: Net cash flow for stock mutual funds, representing the money put into funds minus the money taken out.-- $386 billion: Net cash flow for bond mutual funds.-- 18-20: The historical average for the Volatility Index of the Chicago Board Options Exchange, also known as the VIX, or the market's "Fear Index."-- 49.68: Where th...
Read articleCORRECTING and REPLACING Unison Industries, LLC Signs License Agreement with Boeing
2010-03-05 09:44:20
Quote: Read articleThe Best B-Schools vs. the Recession
2010-03-05 09:44:15
Quote: When Miami University senior Sarah King, 21, returned to campus after an internship at General Electric (GE) without a job, she was terrified. "Even the best and brightest students weren't getting hired," King says. "It was scary." She enrolled in a class called Human Capital Metrics, which pairs groups of students with corporations to help solve problems the companies are facing. King was paired with Nestle. As her team's liaison with the company, King was in weekly contact with Laura Warren, a...
Read articleGE gets $1.1 billion in contracts for gas field
2010-03-04 01:02:53
Quote: FLORENCE, Italy (AP) -- General Electric Co. said Wednesday that it was awarded $1.1 billion worth of contracts from a Chevron-led joint venture for work on a natural gas field in western Australia.GE will supply equipment for the refrigeration of liquefied natural gas and five gas turbines to provide electricity for gas treatment and liquefaction facilities connected to the Gorgon gas fields. GE will also provide drilling equipment for an underwater site.Chevron first awarded a $400 million con...
Read articleCharging fees for Hulu comes with its own problems
2010-03-04 01:02:49
Quote: and General Electric Co.'s NBC Universal -- to see whether they can successfully make money off ads and bypass cable and satellite TV companies.Traffic will likely take a hit as Comedy Central fans leave the site, and Comedy Central proves with its departure that it doesn't need Hulu to bring in online traffic and revenue.The next step in the Hulu experiment will be to decide what and how much to charge.But a Leichtman survey, released Tuesday, found that 81 percent "strongly disagree" with the ...
Read articlePfizer's Ills Help Push DJIA Lower
2010-03-04 01:02:48
Quote: I think we're looking at about a 50-50 possibility of that at this point."
CaterpillarAlcoaGeneral Electric was up 0.8%.
The Nasdaq Composite Index slipped by a fraction of a point to 2280.68. The S&P 500 was up 0.48 point to 1118.79. Both indexes were flat in percentage terms.
Novell surged 28% to $6.08, topping an offer price announced late Tuesday from hedge fund Elliott Associates and sparking speculation another software company or hedge fund could step in with a higher bid.
Volume was...
Read articleIndia moves on U.S. nuclear deal with new law
2010-03-02 08:31:18
Keywords: India,Asia,Emerging countries,Domestic Politics,National and international security,Diplomacy; International Relations,Nuclear Power,International Trade,United States of America,Energy and Resources,Utilities,Consumer electronics,Household durables,Enviro
Quote: India's government has offered to tender construction of
two nuclear power plants, a business opportunity worth $10
billion, to U.S.-based firms such as General Electric Co and
Westinghouse Electric Co, a subsidiary of Japan's Toshiba Corp. But the liability issue has delayed things, putting U.S.
firms at a competitive disadvantage over Russian and French
companies whose accident liability is underwritten by their
governments. The Russian and French have already been awarded
contracts. The 2008 ...
Read articleEarthquake in Chile: Economic Aftershocks
2010-03-02 08:31:16
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Andrea Tse ,Market Features
Quote: But given the world's reliance on Chile for numerous exports, we would be derelict in our duties to not assess the repercussions of Chile's economic aftershocks.Given that Chile accounts for one-third of the global mining of copper, that sector seems the most appropriate place to begin; indeed, not just the copper miners, but also those companies that rely heavily on the heavy metal to produce their products could be impacted by the earthquake.Granted, although it's hard to put a dollar amount o...
Read articleGE Healthcare Unveils Future of Healthcare IT at HIMSS10
2010-03-01 05:47:17
Quote: This is available for a limited time and GE reservesthe right to terminate this program at any time in its sole discretion.All equipment, software, services and support would be provided by GEHealthcare, a division of General Electric Company, and any financing ofthe same would be provided by GE Healthcare Financial Services, acomponent of General Electric Capital Corporation. GE does not provideany legal, tax or accounting advice, including any advice regarding theHITECH Act or any Medicare or ...
Read articleBuffett's Bargain Shopping Spree
2010-03-01 05:47:17
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: “C.E.O.’s, and in many cases, directors, have long benefited from oversized financial carrots; some meaningful sticks now need to be part of their employment picture as well.â€
He also admitted mistakes of his own, saying he had closed a troubled credit card business, which had been his idea, and had given too much time to turn around the NetJets business, long a burden.
But he dwelt also on the lucrative positions he took in a string of companies over the last year and a half,...
Read articleVivendi 4th-quarter net loss narrows 32 pct
2010-03-01 05:47:16
Quote: media giant NBC Universal for $5.8 billion to General Electric Co. Now, GE and Philadelphia-based Comcast Corp. plan to form a joint venture, with Comcast eventually taking a 51 percent stake in the business.Vivendi also lbought Brazilian telecom operator GVT last year for euro2.8 billion.Vivendi's fourth quarter loss left its net profit for the full year at euro830 million, down 68 percent from euro2.6 billion in 2008, due to higher financial charges.The company's underlying profit, which exclu...
Read article`Shutter Island' stays afloat at No. 1 with $22.2M
2010-03-01 05:47:16
Quote: "Crazy Heart," $2.5 million.http://www.hollywood.com/boxofficeUniversal Pictures and Focus Features are owned by NBC Universal, a unit of General Electric Co.; Sony Pictures, Sony Screen Gems and Sony Pictures Classics are units of Sony Corp.; Paramount and Paramount Vantage are divisions of Viacom Inc.; Disney's parent is The Walt Disney Co.; Miramax is a division of The Walt Disney Co.; 20th Century Fox, Fox Searchlight Pictures and Fox Atomic are owned by News Corp.; Warner Bros. and New Line...
Read articleRPT-UPDATE - Pentagon F-35 engine analysis 'near-sighted'-House
2010-02-26 05:15:59
Keywords: Aerospace and defense,United States of America,Consumer electronics,Household durables,
Quote: Read articleGE talks to Santander over Garanti stake sale-reports
2010-02-26 05:15:56
Keywords: Consumer electronics,Household durables,
Quote: GE talks to Santander over Garanti stake sale-reports
ISTANBUL, Feb 26 (Reuters) - General Electric Co (GE.N) is
in talks with Spanish Banco Santander (SAN.MC) to sell its 20.85
percent stake in Turkish lender Garanti Bank (GARAN.IS), Turkish
media reports said on Friday. The sale of the $3.3 billion stake in Garanti, the most
actively traded stock on the Istanbul bourse and Turkey's
largest listed lender by market value, would offer a rare chance
to buy into Turkey's resilient banking sector. ...
Read articleUPDATE - GE talks to Santander over Garanti stake -reports
2010-02-26 05:15:55
Keywords: Consumer electronics,Household durables,
Quote: UPDATE 2-GE talks to Santander over Garanti stake -reports
* GE talking to Santander to sell Garanti stake * Intesa and a Gulf fund interested in 20.85 pct stake(Adds no comment from Santander) ISTANBUL, Feb 26 (Reuters) - General Electric Co (GE.N) is
in talks with Spain's Banco Santander (SAN.MC) to sell its 20.85
percent stake in Turkey's largest listed lender Garanti Bank
(GARAN.IS), Turkish media reports said on Friday. A sale of the $3.3 billion stake in Garanti, the most
actively traded ...
Read article