|Bid||0.00 x 1200|
|Ask||0.00 x 46000|
|Day's Range||7.73 - 8.20|
|52 Week Range||7.72 - 19.39|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||0.04 (0.50%)|
|1y Target Est||13.03|
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - An economic summit of world leaders ended in acrimony on Sunday, ...
GE is struggling under its debts — $115bn at the end of September — and Mr Culp has pledged to bring them under control. On Friday the company also announced the sale of its portfolio of loans and leases for healthcare equipment to TIAA Bank, raising another $1.5bn. The question for shareholders is what will be left when that process is over.
General Electric Co. learned from a consultant’s report this past summer of corruption allegations against key business partners in Iraq, where the company is trying to shore up its position in one of the most important foreign markets for its struggling power business. The industrial giant said it has a robust compliance operation and doesn’t believe it has violated any federal laws, including ones covering foreign corruption. The study, prepared for GE by corporate intelligence firm Hakluyt & Co., paints a portrait of widespread corruption and bribery in the Iraqi power sector, accusing high-ranking officials in the Ministry of Electricity, from which GE is currently vying with Siemens AG for $15 billion in new power contracts.
Benzinga has featured looks at many investor favorite stocks over the past week. Retailers were featured in both bullish and bearish calls. Sentiment on the iPhone maker was mixed as well last week. The ...
Nigeria is in talks with Transnet for the concession to run its railways after General Electric , which has spun off its transport business, handed the leadership of the consortium to the South African firm, the transport minister said on Sunday. "We are in talks with Transnet. When we conclude we will sign the concession agreement and they will rehabilitate the entire 3,500 kilometers of railways," Transport Minister Rotimi Amaechi told a government delegation in Abuja.
You may be surprised by these three factoids. They could also help you make a lot of money, not to mention avoid big mistakes that could cost you.
The chief executive of Mitsubishi Heavy Industries has declared the group’s restructuring programme complete, even as global rivals General Electric and Siemens grapple with struggling power divisions. ...
The largest Insider Buys this week were for Enterprise Products Partners LP (EPD), General Electric Co. (GE), Keurig Dr Pepper Inc. (KDP) and Weyerhaeuser Co. (WY). President and CFO W. Randall Fowler bought 10,000 shares of EPD stock on Nov. 13 at the average price of $26.19. Warning! GuruFocus has detected 4 Warning Signs with EPD.
William Nordhaus won a Nobel Prize this year for his work on integrated models of the climate and the economy, but his greatest contribution to the public understanding of energy is probably his “bathtub model” of the oil market. You can imagine the global oil market as a giant bathtub, he said, with taps filling it from all the producers, and drains emptying it from all the consumers. As a first approximation, that is how the integrated global market works: oil produced anywhere contributes to world supply, and oil consumed anywhere contributes to world demand.
When General Electric Co.’s board hired Larry Culp to replace John Flannery after one year, they sought a more seasoned chief executive with a greater sense of urgency. In a 20-minute CNBC interview Monday, Mr. Culp assumed the role of GE’s chief spokesman to soothe investors who have endured a rocky ride and myriad surprises. GE’s new chief committed a mistake that can wound almost any CEO, even after years of polishing communications skills during conference calls, town halls or board meetings.
General Electric stock has fallen to single digits and its investment grade bonds trade like high-yield debt, as the market bets it will continue to deteriorate and could end up with a junk rating. GE was a negative factor in the sell off in both the investment grade and high yield bond markets this week, but strategists say it has its own issues and is not a signal of broader trouble in the corporate debt market. GE's new CEO said he will move quickly to raise cash and make asset sales.
GE's stock is a sliver of its former self, and its bonds are now trading as if they are already junk-rated, putting pressure on new CEO Larry Culp to quickly raise cash and cut debt.
TIAA Bank has acquired a $1.5 billion portfolio of leases and loans from GE Capital's (NYSE: GE) healthcare equipment finance business, the bank announced Friday. The purchase includes loans and leases to about 1,100 hospitals and 3,600 physician centers for imaging, monitoring, surgical and other medical equipment. “TIAA is dedicated to delivering financial solutions to institutional clients, including those in the healthcare industry,” Lori Dickerson Fouché, CEO of Retail & Institutional Financial Services at TIAA, said in a statement.
A thorough review of GE’s 10-Q financial report still shows more questions than answers around the company, especially because GE Capital could face additional headwinds, analyst Joe Ritchie wrote in a note. GE investors are grappling with two key questions -- how big of an equity infusion GE Capital needs, and whether the Power unit business is close to a bottom. Goldman sees a chance that the equity infusion from GE to GE Capital might be larger than the $3 billion previously stated for 2019.
One of the worlds wealthiest people, billionaire Ray Dalio founded one of the largest hedge funds in the world, Bridgewater Associates, back in 1975 out of his two-bedroom apartment. Although he was only 26 years old when decided to start his own investment firm, his enthusiasm for investing had been evident for a long time. […]
The sale marks another step in GE's planned $25 billion reduction in GE Capital assets, which were built up as the division financed sales of GE aircraft engines, locomotives, power plants and other products. GE Capital once supplied a large part of GE's profits, but the 2008 financial recession raised funding costs and nearly sank the entire company. GE's healthcare equipment unit makes medical scanners that can produce images of internal organs, bones and tissue.
General Electric Co said on Friday its lending arm has sold a $1.5 billion healthcare equipment finance portfolio to U.S. lender TIAA Bank for an undisclosed sum. The sale marks another step in GE's planned $25 billion reduction in GE Capital assets, which were built up as the division financed sales of GE aircraft engines, locomotives, power plants and other products. GE Capital once supplied a large part of GE's profits, but the 2008 financial recession raised funding costs and nearly sank the entire company.
Shares of General Electric Co. tumbled 4.6% in midday trade Friday, putting them on track for the lowest close since March 2009, as investors shrugged off further efforts by the struggling industrial conglomerate to shrink its GE Capital business. The stock was headed for the 16th decline in the past 18 sessions, and has plunged TK% during that stretch. Earlier, GE said its GE Capital business sold its healthcare equipment finance portfolio for $1.5 billion to TIAA Bank. As part of the deal, the GE Healthcare Equipment Finance team, which will integrate into GE Healthcare in 2019, will have a co-branding arrangement with TIAA Bank. GE has said earlier this year that it plans to eventually spin off its healthcare division. "This is an excellent outcome for GE Capital, GE Healthcare and its customers," said Trevor Schauenberg, chief executive of GE Capital Industrial Finance, in a statement. The stock has plummeted 39% during the past 18 sessions, while the Dow Jones Industrial Average has inched up 0.3% over the same time.
General Electric Co's finance arm GE Capital said it is selling a $1.5 billion portfolio of its healthcare equipment finance business to U.S. regional lender TIAA Bank. GE's financing arm has been divesting assets worth billions of dollars since 2015 as part of a plan to shrink itself into a smaller, more focused business.
Both GE and GE Capital, which is headquartered in Norwalk, Connecticut, have been selling off billions of dollars in assets in recent months and years.
The first was Stephen Tusa out of J.P. Morgan, who initiated the stock with a sell-equivalent rating back in May 2016 and was warning about earnings and cash flow. John Inch, then with Deutsche Bank but now with Gordon Haskett, was next, and joined in about a year later with his "sell" rating.