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General Electric Co

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  • With the House of Representatives and Senate rushing toward a five-week summer recess, Republican leaders in both chambers embraced the newest version of a bill to temporarily fund road and mass transit construction projects. Late on Monday, the Senate demonstrated strong support for renewing the Ex-Im Bank, whose charter expired on June 30, by attaching a...

  • The House of Representatives on Monday unanimously approved the Small Business Administration loan program in a bill the Senate had already passed. But the Senate took lightning-fast action to raise the SBA lending limit in less than a day, marking a stark contrast with Congress' protracted battle over another federal loan guarantee agency, the U.S....

  • PARIS, July 27- Alstom is to accept 300 million euros less than previously agreed for its power turbines unit from General Electric as a contribution to the U.S.-based buyer's efforts to win antitrust clearance in Europe. The last-minute 2.4 percent discount to the previously agreed 12.35 billion euro deal is the latest in a series of knocks Alstom...

  • Alstom to take 300 mln eur hit to help GE sale through Monday, 27 Jul 2015 | 12:22 PM ET

    PARIS, July 27- Alstom is to accept a 300 million euro reduction in the price it will get for selling its power turbines unit to General Electric as a contribution to the U.S. firm's efforts to get antitrust clearance in Europe. "In order to support General Electric in its offering of a comprehensive set of remedies addressing the concern of the Commission, Alstom's...

  • WASHINGTON, July 26- The U.S. Senate voted on Sunday to advance legislation that would revive the federal Export-Import Bank, whose charter expired on June 30 and was not renewed by Congress, with conservative Republicans pushing to shut down the bank for good. By a vote of 67-26, the Senate, in a rare Sunday session, limited debate on a measure that would...

  • WASHINGTON, July 26- The U.S. Senate voted on Sunday to advance legislation that would revive the federal Export-Import Bank, whose charter expired on June 30 and was not renewed by Congress, with conservative Republicans pushing to shut down the bank for good. By a vote of 67-26, the Senate, in a rare Sunday session, limited debate on a measure that would...

  • July 26- General Electric Co wants to be a "sizable" player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE's energy storage business told Reuters. This need has attracted a wide range of companies, including Elon Musk's Tesla Motors Inc, which said in April it plans...

  • Bits of wisdom from business' boldface names Saturday, 25 Jul 2015 | 2:00 PM ET
    Warren Buffett, chairman of Berkshire Hathaway Inc.

    From advice they've received to their own motivational nuggets, here are bits of wisdom from some of business' boldface names.

  • A look at the largest companies in the S&P 500 Friday, 24 Jul 2015 | 7:08 PM ET

    Amazon surpassed the world's largest retailer, Wal-Mart Stores Inc., in market value Friday, on the back of a strong earnings report. Amazon shares closed up nearly 10 percent, giving the Seattle company a market value of $247.77 billion, versus $230.53 billion for Wal-Mart. A company's market value is calculated by multiplying the number of shares of stock it...

  • GENEVA, July 24- The World Trade Organization finalized a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force. Removing tariffs on trade worth $1.3 trillion is expected to give a $190 billion boost to the world economy.

  • GENEVA/ WASHINGTON, July 24- World Trade Organization members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks'...

  • WTO members seal trillion-dollar IT trade deal Friday, 24 Jul 2015 | 12:00 AM ET

    Technology manufacturers like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co are among companies expected to benefit from the deal. "That definitely impacts Intel and that's important but also as important are the other technologies that it covers that were not even dreamt of when the original ITA was...

  • WASHINGTON— Surrounded by supporters as he announced his bid for the presidency, Jeb Bush decried the "swarms of lobbyists" holding sway in Washington and said he was the candidate ready to do something about it. "Look, the rest of the country struggles under big government, while comfortable, complacent interest groups in Washington have been thriving on it."

  • WASHINGTON, July 22- President Barack Obama on Wednesday urged lawmakers to renew the charter for the U.S. Export-Import Bank before leaving for an August break, saying small and large businesses alike have been hurt by the lapse in new loan guarantees and trade insurance. If Congress fails to reauthorize of the Ex-Im Bank, the United States would be the only...

  • Facebook leapfrogs GE—but is it a better buy? Tuesday, 21 Jul 2015 | 3:56 PM ET
    People silhouetted against Facebook logo

    Boosted by a recent stock surge, Facebook has soared ahead of industrial giant General Electric in market capitalization.

  • Banks need to hold another $200B cash cushion Monday, 20 Jul 2015 | 1:43 PM ET
    Janet Yellen

    In the latest move from regulators to prevent banks from being too big to fail, eight institutions have been hit with capital surcharges.

  • Fed directs 8 biggest US banks to hold extra capital Monday, 20 Jul 2015 | 1:17 PM ET

    The requirements also are aimed at encouraging the Wall Street mega-banks to shrink so they pose less risk to the financial system. The banks include JPMorgan Chase, Citigroup and Bank of America. JPMorgan is the only one that doesn't already meet the requirements, which will be phased in from 2016 through 2018 and take full effect on Jan. 1, 2019.

  • Europe closes higher after Greece repayment to IMF Monday, 20 Jul 2015 | 11:30 AM ET
    A pedestrian passes a homeless man lying outside a closed and shuttered Alpha Bank AE bank branch in Athens, Greece, on Monday, June 29, 2015.

    European equity markets closed slightly higher Monday after confirmation that Greece had repaid 2 billion euros to the IMF.

  • While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market. Airlines in Dubai are fast adding new Iran routes to meet growing demand. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar...

  • *Facebook, Etsy rally on Google earnings report. Google surged 16.26 percent to end at an all-time high of $699.62, a day after reporting strong ad revenue growth. Etsy spiked 30 percent thanks to a nod from Google during its conference call.