Some of Thursday's midday movers:» Read More
Industrial companies such as General Electric, Honeywell and Caterpillar have been posting strong financial results in recent weeks and telling investors that orders are strong. "We're on the brink of that inflection point where the economy can really take off," says Diane Jaffee, a portfolio manager and managing director at the Trust Company of the West.
*Alstom surges on GE bid speculation. On Thursday, shares in Alstom rose 10.9 percent after Bloomberg News reported that General Electric was in talks to buy the struggling French turbine and train maker.
*Alstom shares up more than 14 percent. PARIS, April 24- Shares in Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.
*Alstom surges on GE bid speculation. German and Austrian companies are among the most exposed in Europe to Russia and Ukraine, and the DAX fell 1.2 percent while Vienna's benchmark ATX equity index declined by 0.9 percent.
*Alstom shares up more than 14 percent. *GE declines to comment; Bouygues supports Alstom strategy. A deal, which would be GE's biggest ever and would hand it control of Alstom's high-speed TGV trains and rail-signal technology, has the support of Bouygues, Alstom's biggest shareholder with a 29 percent stake, the report said.
*M&A activity boosts Alstom, Scania. LONDON, April 24- European shares resumed their rise on Thursday, boosted by mergers and acquisitions activity and upbeat updates from electrical gear maker Schneider Electric and oil services group Technip among others.
Nicholas Heyman, William Blair, discusses General Electric's possible acquisition of French train and power plant builder Alstom for more than $13 billion.
PARIS— Shares in French train and equipment manufacturer Alstom have spiked on reports that General Electric Co. is considering making a bid for the company. Alstom shares climbed more than 12 percent in early Paris trading Thursday, to 27.43 euros.
*M&A activity boosts Alstom, Scania. LONDON, April 24- European shares resumed their upward trend on Thursday as mergers and acquisitions and a solid update from France's Schneider Electric fuelled a rally in the industrial sector.
PARIS/ NEW YORK, April 24- Alstom said on Thursday it was not informed of any potential public tender offer for its shares, which opened 17 percent higher after Bloomberg reported that General Electric was in talks to buy the French turbine and train maker for about $13 billion.
PARIS, April 24- European shares rose in early trade on Thursday, recouping most of the previous session's losses, with Alstom surging on merger and acquisition talk. Shares in the French firm jumped 16 percent following a report saying General Electric was in talks to buy the French turbine and train maker.
April 23- General Electric Co is in talks to buy French turbine and train maker Alstom SA for about $13 billion, Bloomberg reported, citing people with knowledge of the matter.
General Electric Co. fell$. 16 or. 6 percent, to $26.42. Snap-On fell$. 09 or. 1 percent, to $116.91. Whirlpool Corp. fell $1.33 or. 9 percent, to $153.53.
April 23- General Electric Co is in talks to buy French turbine and train maker Alstom SA for about $13 billion, Bloomberg reported, citing people with knowledge of the matter. An Alstom spokeswoman denied the report saying "these are totally unfounded rumours". Alstom has a market valuation of about $10.37 billion, according to Thomson Reuters data.
GE is in talks to buy France's Alstom for $13 billion, Bloomberg reported, citing sources familiar with the deal.
April 23- General Electric Co named John Brennan as its lead independent director, succeeding Ralph Larsen, who retires on Wednesday. Brennan will also be the chairman of GE's management development and compensation committee, the company said in a filing with the U.S. Securities and Exchange Commission.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 3.8 percent to $34.92 with 56,542,500 shares traded. Advanced Micro Devices Inc. fell 1.2 percent to $4.25 with 28,731,400 shares traded.
General Electric Co. rose$. 03 or. 1 percent, to $26.61. Snap-On rose$. 06 or. 1 percent, to $117.06. Whirlpool Corp. fell $1.77 or 1.1 percent, to $153.10.
General Electric Co. fell$. 02 or. 1 percent, to $26.56. Snap-On rose$. 35 or. 3 percent, to $117.35. Whirlpool Corp. fell $1.34 or. 9 percent, to $153.52.
PARIS, April 23- France's Safran rattled investors with first-quarter aerospace revenue hampered by pressures ranging from delayed deliveries of defence equipment to weaker helicopter sales and cold weather in North America. But its shares fell as much as 3.6 percent, leading France's blue-chip CAC 40 index lower.