GE's North American credit card business filed for an initial public offering as part of GE's efforts to reduce exposure to its financial businesses.» Read More
General Electric Co. fell$. 11 or. 4 percent, to $25.23. Snap-On rose$. 51 or. 5 percent, to $110.68. Whirlpool Corp. fell$. 58 or. 4 percent, to $141.11.
TOKYO, March 14- IHI Corp, General Electric's jet engine partner in Japan, may tie up aircraft engine part production with Mitsubishi Heavy Industries Ltd which is more closely aligned with GE's competitors.
General Electric Co. fell$. 42 or 1.6 percent, to $25.34. Snap-On fell $1.78 or 1.6 percent, to $110.17. Whirlpool Corp. fell $2.36 or 1.6 percent, to $141.69.
*Ukraine tensions continue, Merkel warns Russia. NEW YORK, March 13- U.S. stocks dropped on Thursday on rising tension in Ukraine, which helped erase earlier gains spurred by better-than-expected data on retail sales and the labor market.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. *Unit seeks $20 bln to $25 bln valuation- Bloomberg. GE will look to raise as much as $3.5 billion from the IPO and seek a valuation of $20 billion to $25 billion for the unit, Bloomberg reported, citing people with knowledge of the matter.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. March 13- General Electric Co's credit card unit filed for an initial public offering, the first step in the conglomerate's planned exit from the retail finance business.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. Synchrony Financial filed a $100 million placeholder with the U.S. Securities and Exchange Commission on Thursday and GE said it expects to complete the IPO later this year. Goldman Sachs& Co, JP Morgan, Citigroup and Morgan Stanley are lead underwriters for the IPO, according to the filing.
March 13- General Electric Co's North American retail finance business filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock. The business will operate under a new name, Synchrony Financial, GE said in a statement.
Odds are against the stock market's aging bull making it through a sixth year, but this is no ordinary bull market.
General Electric will stop paying senior executives dividends on stock awards that have not yet vested, after investors urged an end to the practice.
Some of the names on the move ahead of the open.
BOSTON, March 6- General Electric Co said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk.
Some of Tuesday's midday movers:
General Electric CEO Jeff Immelt purchased $2.6 million of the conglomerate's shares, following a rough start for the company's stock price in 2014.
General Electric CEO Jeff Immelt has put his entire cash bonus for 2013 into GE stock. Immelt now owns 2 million shares. The "Squawk on the Street" news team discuss what this means for GE.
Warren Buffett remains as vague as ever about his succession plans for Berkshire Hathaway.
March 4- Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. Jeff Immelt, the CEO at General Electric Co, has been unable to get his company's share price anywhere near the heights achieved by his predecessor Jack Welch.
NEW DELHI, March 3- India's defence ministry said on Monday it had ordered an investigation into state-run Hindustan Aeronautics Ltd's orders from Britain's Rolls-Royce Holdings worth at least $1.2 billion.
NEW DELHI, March 3- India's defence ministry said on Monday it had ordered a bribery investigation over state-run Hindustan Aeronautics Limited's purchase of jet engines from Britain's Rolls-Royce Holdings in a deal worth at least $1.2 billion. No comment was immediately available from Rolls-Royce's office in India.
NEW YORK, Feb 27- General Electric Co is preparing to sell its energy unit that makes fuel dispensers in a deal that is expected to fetch more than $500 million, people familiar with the matter said on Thursday. Wayne was part of Dresser Inc, the energy infrastructure company that GE bought in 2010 for $3 billion.