|Bid||7.11 x 4000|
|Ask||7.14 x 900|
|Day's Range||6.99 - 7.25|
|52 Week Range||6.66 - 19.39|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||0.04 (0.60%)|
|1y Target Est||12.35|
Cynical investors are used to verbal sleight of hand from corporate executives. After Kroger (KR) CEO Rodney McMullen talked up the food retailer’s digital sales efforts, an analyst couldn’t help but be reminded of similar talk years ago from Sears (SHLDQ) CEO Eddie Lampert. Shares of General Electric (GE) surged 7% on Dec. 13 — its biggest one-day gain in three years — after a JPMorgan analyst said the stock had fallen far enough.
NEW YORK (AP) — Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message.
New CEO Larry Culp just took another important one. GE announced on Friday that it would invite bids for the job of the company’s independent audit firm, a move that may ultimately see its nearly 110-year relationship with KPMG severed. Only 65 percent of votes at last year’s annual meeting were cast in support of continuing to enlist KPMG’s services, down from about 95 percent the previous year.
Instead, weak overseas data helped set the negative tone early Friday, with U.S. markets again coming under pressure in pre-market trading after numbers from China and Europe overnight looked less than ideal. A decent U.S. retail sales data number didn’t initially appear to be enough to offset the sluggishness abroad. China’s retail sales data growth came in below expectations and was the weakest in five years, while industrial output there grew the slowest in three years, possibly a sign of the trade war coming home to roost.
Good day. Sentinel Capital Partners is buying Pet Supplies Plus LLC from Irving Place Capital in a deal that values the retailer at roughly $400 million. Also, Victoria’s Secret parent L Brands Inc. is selling lingerie business La Senza to private-equity firm Regent.
The audit committee of GE’s board of directors will solicit bids for a new independent auditor, though KPMG will keep the job through at least 2019.
The S&P 500’s close of 2650.54 was 0.02% below Wednesday’s closing price. Thursday’s marketwide action may have ended a bit differently, for the better, had it not been for Advanced Micro Devices (NASDAQ:AMD).
Jeff Bornstein, the shark-fishing, nicotine-gum-chomping, weightlifting CFO, was crying. A Maine native, Bornstein had come to GE after college, eventually serving as finance chief of the lending arm, GE Capital, where he helped stave off the worst damage of the financial crisis.
General Electric (GE) to rejuvenate its Digital business with the launch of an Industrial Internet of Things company and sale of majority ServiceMax stake to Silver Lake.
GE announced that the Audit Committee of its Board of Directors will move forward with a tender process for the appointment as GE’s independent audit firm. The effective date for the audit firm appointment following that process will be based on the progress toward completing the Company’s previously announced portfolio actions. The Audit Committee has determined to reappoint KPMG LLP (KPMG) as GE’s auditor for 2019.
A business ought to be more than the sum of its parts, but right now, General Electric may be less. That's partly due to the uncertainty created by management not having issued guidance yet.
General Electric Co. shares got a double boost Thursday, when a long-time bear upgraded the stock and it announced the launch of an industrial Internet of Things unit that will be run independently of the main company.
“Please do NOT tell Steve Tusa from JPMorgan that $GE is over $15,’’ the CNBC host tweeted in May, two years after Tusa, a JPMorgan Chase analyst, hazarded the kind of report that makes or breaks a career: He was the lone stock picker to urge investors to sell General Electric Co., the one-time American industrial icon. It worked out for Tusa. Tusa changed his outlook Thursday, upgrading GE to “neutral,’’ and shares soared more than 7 percent.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Apple Inc plans to invest $1 billion to build a second campus ...
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Apple Inc said on Thursday it would build a new $1 ...
SINGAPORE (AP) — Asian markets tumbled on Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy.