|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.92 - 48.24|
|52 Week Range||47.92 - 64.91|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||6.82|
|Forward Dividend & Yield||2.35 (4.87%)|
|1y Target Est||46.00|
Yahoo Finance's Adam Shapiro speaks with Scott Keogh, the CEO of Volkswagen, on the switch by consumers from sedan to SUV. Yahoo Finance's Julie Hyman, Dan Roberts, and Dion Rabouin join Adam Shapiro to discuss.
Sempra Energy (SRE) owns 50.2% equity interest in Cameron LNG JV, which is likely to generate $400-$450 million annual earnings for the company.
Moody's Japan K. K. has assigned a (P)A2 senior unsecured rating to the domestic shelf registration of Mitsubishi Corporation. Mitsubishi's A2 issuer rating incorporates its (1) strong core business franchise with a highly diversified business portfolio, (2) continued strong funding ability, and (3) conservative financial policy. The ratings are also supported by Mitsubishi's strong and stable relationships with its main banks and major customers, and its position as a core member of the Mitsubishi Group.
Moody's Investors Service ("Moody's") assigned a B3 corporate family rating and B3-PD probability of default rating to PHM Netherlands Midco B.V., doing business as Loparex. Moody's also assigned a B2 rating to the $50 million five-year revolving facility, a B2 rating to the $390 million seven-year term loan, and a Caa2 rating to the $160 million second lien term loan.
Moody's Investors Service (Moody's) has today changed LLC ROLF's (ROLF) outlook to developing from positive. At the same time, Moody's affirmed the B1 corporate family rating (CFR) and the B1-PD probability of default rating. Today's change of ROLF's outlook to developing reflects the uncertainty regarding the potential direct and indirect impact of the investigation.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mitsubishi Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Japanese trading house Mitsubishi Corp and MUFG Bank plan to rescue plant engineering company Chiyoda Corp with a $1.4 billion lifeline, betting on a turnaround fuelled by greater LNG demand, the Nikkei newspaper reported on Monday. Chiyoda, one of the world's leading builders of liquefied natural gas (LNG) plants, has struggled with losses after a hurricane hit its Cameron LNG project in Louisiana. Mitsubishi has said it expects such growth to also fuel a rise in LNG projects.
"Several years ago, shareholders from all over the world ... were consistently telling me, 'If you are feeling some kind of guilt because your children are telling you (that) you are not doing the right thing and you want to use the company's assets to redeem yourself, we will not allow you to do it,'" said Sunny Verghese, CEO of global commodity giant Olam.
Moody's Investors Service (Moody's) changed Veresen Midstream Limited Partnership's (VMLP) rating outlook to negative from positive. The Ba3 Corporate Family Rating (CFR), B1-PD Probability of Default Rating and Ba3 senior secured credit facilities were affirmed.
The recent earnings report could mark the beginning of the turnaround for GE (NYSE:GE). The almost 16-year tenure of Jeff Immelt left the company in shambles. Before Immelt rose to the CEO position, GE stock maintained record highs and held the world's largest market cap. Click to Enlarge Source: Shutterstock However, many of Immelt's decisions brought devastation to GE. When Larry Culp took over after John Flannery's brief tenure, many had questioned GE's ability to survive. However, this outsider with a successful track record has brought new life to the company. Due to the confidence engendered and decisions made by Culp, a speculative buy case for General Electric stock has now appeared. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? A General Electric Stock Turnaround?GE's problems are solvable, assuming we know their true nature. The seemingly endless litany of new issues devastated General Electric stock during Flannery's time as CEO. Now Culp appears to have at least come clean about the problems facing GE.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCulp, the former CEO of Danaher (NYSE:DHR), took the helm in October. Since he took over, he cut the dividend to a token level of four cents per share. He also addressed the issues with GE's Power division, acknowledging its turnaround will take years.On Jan. 31, Culp strongly indicated that the constant drip of unreported problems may have finally come to an end. Earnings fell short of estimates by five cents per share. However, revenues of $33.3 billion beat expectations by $1.07 billion. Better than expected revenues from five of GE's divisions made up for the revenue shortfall at GE Power.This good news led to a relief rally as the stock rose by over 13% following the report. Like most, I see this as an overreaction, but an understandable one. Investors need to remember that GE still holds debt levels in excess of its $87 billion market cap. It also faces the largest known pension liability in corporate America. Moreover, this assumes that GE Capital does not hold toxic assets not yet revealed to the public. General Electric Stock as a Speculative PlayI still see GE Capital assets as a possible issue. For this reason, I would urge conservative investors to avoid General Electric stock. However, I see enough optimism and the potential for recovery to warrant a speculative position. To be sure, it will take years to bring about this resurgence.Investors will also have to get past the temporary cash flow losses that will come when it divests the healthcare division, the jet-leasing division, and the Baker Hughes stake.Still, the sale of divisions should fund the retirement of $26 billion in debt due in the next two years. Moreover, bright spots within GE remain, particularly in its aviation division. Also, even its troubled power division continues to perform well in some respects.Reuters reported that GE GE led the industry in the sale of gas turbines in 2018. Mitsubishi (OTCMKTS:MSBHY) still holds the lead on new technology in this area. However, it offers hope that this core division can turn itself around. Hopefully, that will help propel a turnaround across the company, one that will reduce debt, push General Electric stock higher, and restore the reputation that bolstered GE for more than a century. Concluding Thoughts on GE StockCulp's honesty and focus on addressing the company's debt and pension problems have helped to build a speculative case for General Electric stock.General Electric still faces serious debt and pension problems. Management also admits that a turnaround at GE Power will take years. However, Culp's leadership has brought the honesty needed to address the company's issues.Now, with a plan to address the most immediate debts and to address the issues in the power division, GE stock has stopped falling. Barring any lingering issues from the former GE Capital, I believe the worst has come to an end for General Electric stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post As Culp Cleans Up, Here's the Speculative Buy Case for GE Stock appeared first on InvestorPlace.
Japan's Mitsubishi Corporation has bought a 20 percent minority stake in British power supplier OVO Energy for £200 million, the firms said on Thursday. Independent energy company OVO Energy said it would use the proceeds of Mitsubishi's investment to expand into new markets across Europe and Asia Pacific and speed up the development of its new energy technologies unit, Kaluza. This investment from Mitsubishi Corporation will help us get there," said Stephen Fitzpatrick, founder and chief executive of OVO.
Mitsubishi Corp booked an impairment loss of about 28 billion yen ($255 million) on its stake in Olam International in the October-December quarter but it has no plan to trim its stake in the Singaporean commodity trader, its CFO said on Tuesday. Japan's biggest trading house also took an impairment loss of about 31 billion yen on its investment in iron ore mines in Chile in the same quarter due to an extra environmental cost and a repair cost for a broken shiploader at a port, Chief Financial Officer Kazuyuki Masu told a news conference. Olam said last month that it plans to invest $3.5 billion into key growth areas, such as edible nuts, coffee and cocoa, over the next few years, while exiting four existing businesses to raise funds.
Announcement: Moody's announces completion of a periodic review of ratings of Renault S.A. Frankfurt am Main, January 30, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Renault S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service (Moody's) has today changed to positive from stable the outlook on the B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) of Delance Limited ROLF (DLR), which owns Russia's largest foreign-branded cars retailer LLC ROLF (ROLF). Concurrently, Moody's has affirmed these ratings. Moody's has also assigned a B1 CFR and a B1-PD PDR to ROLF.
SEOUL, South Korea (AP) — South Korea's top court on Thursday ordered a Japanese company to financially compensate 10 Koreans for forced labor during Tokyo's 1910-45 colonial rule of the Korean Peninsula, in the second such ruling in a month that again drew quick, vehement protests from Japan.
Moody's Investors Service ("Moody's") assigned today a Ba1 rating to Empresa Electrica Cochrane II SpA (Cochrane II, SPV or Issuer) proposed issuance of up to US$725 million of 16-year senior secured notes due 2034. The SPV will also enter into a fully amortizing bank credit facility for up to US$180 million due in 2022. Proceeds from the Notes and the credit facility will be initially held in an Escrow Account, until the SPV contributes the funds to its sister company Empresa Electrica Cochrane SpA (Cochrane).
Vermilion (NYSE:VET) is a Calgary, Alberta-based company that explores and produces natural gas and oil. Its primary operations are in Canada with additional fields in the Powder Basin in the Western U.S. as well as in Australian and in Europe. Many years ago, Vermilion stock was a high-dividend-paying stock structured as a Canadian Income Trust (CIT) with shares also trading in the U.S. market. Back then, income trusts were structured much like U.S. passthrough securities such as master limited partnerships (MLPs). ...