10.10 +0.01 (0.10%)
After hours: 7:59PM EST
|Bid||10.09 x 900|
|Ask||10.10 x 800|
|Day's Range||10.06 - 10.28|
|52 Week Range||6.66 - 15.59|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.39%)|
|1y Target Est||N/A|
General Electric Co. has more than $100 billion in debt. A Business News article Friday on GE’s scaled-back plans for its Boston headquarters misstated the figure as $100 million. Readers can alert The Wall Street Journal to any errors in news articles by emailing wsjcontact@wsj.
This has been an ugly few weeks for corporate “incentives.” Amazon left New York at the altar, turning down a dowry of $3 billion in subsidies. Foxconn’s promised new factory in Wisconsin, enticed with $4 billion in incentives, has fallen into doubt. Now add General Electric, which announced Thursday it will renege on its plan to build a glassy, 12-story headquarters on Boston’s waterfront.
In Wisconsin, Taiwanese manufacturer Foxconn was backing away from promises it made in exchange for billions in incentives. Stoked by Amazon’s decision to turn its search for a new office hub into a nationwide reality show, a long-simmering backlash to corporate subsidies is coming to a boil. State legislators in Connecticut, Florida, Illinois and New York are targeting subsidies to individual companies.
One of the aerospace industry's top analysts suggested such a move was like "Armageddon" for jet engine makers.
Co. is scaling back its planned Boston headquarters, including selling the property and dropping plans to add hundreds of jobs, because the shrinking conglomerate no longer needs the facilities. GE moved to Boston from Fairfield, Conn., in 2016 after considering 40 other locations in a high-profile decision. The $200 million project included renovating two existing brick buildings and constructing a new glass office tower.
The market is off to one of its strongest starts in decades. And although 2019 got rolling with an advantage - coming off the worst December performance in ages - the rally doesn't look terribly strained just yet.Even more surprising are some of the names leading the charge. High-profile stocks, such as the FANG tech companies, have enjoyed solid gains. But some of the biggest winners are names that have fallen off many investors' radars, or were never on them to begin with.What's more heartening is that many of these new uptrends seem built to last for all the right reasons - they're either regaining relevancy, growing the bottom line or both.Here's a look at 10 of the markets most surprising large- and mid-cap stock winners so far in 2019. Their underlying stories are taking a turn for the better, at least in investors' eyes, and all of them merit a closer look, if only for a mental note to reference at a later date. SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)
Acquisitions have the elements of a zero sum game. Both buyer and seller need to feel that they are getting a good deal. The buyer, meanwhile, must convince those same constituents that they are getting a bargain.
Trump Declares a National Emergency: Was There One Already?President Trump On February 15, President Trump announced a national emergency to help garner funds for the wall on the US-Mexico border. Declaring an emergency is among the rarely used
GE captured 33 percent of orders in 2018, down significantly from its 10-year average of 43 percent, according to an analysis of McCoy Power Reports data this week by Barclays Plc analyst Julian Mitchell. It’s also below the 40 percent market share that Rob McKeel, chief marketing officer of GE’s power unit, told the Financial Times in August he expected for 2018. To the extent you can put a positive spin on this, it’s that the price discipline promised by former GE CEO John Flannery and his successor Larry Culp is finally taking root in a power business that prioritized growth over profits for far too long.