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July 18- General Electric Co's credit card unit, Synchrony Financial, said it expects to raise up to $3.25 billion in a public offering of shares, in what is expected to be the biggest U.S. The offering of 125 million shares is expected to be priced at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
*GE, IBM shares drop after earnings. Investors will continue to keep a close eye on geopolitical tensions, as world leaders demanded an investigation after a Malaysian airliner was downed at the Ukraine- Russia border and Israel announced the start of a Gaza ground campaign on Thursday.
The company said it expects to price the offering of 125 million shares at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
The "Squawk on the Street" crew breaks down General Electric's Q2 operating earnings and discusses the spinoff "Synchrony."
NEW YORK, July 18- U.S. stocks were poised for a slightly higher open on Friday, after the S&P 500 suffered its worst decline since April 10 and was on track for a second straight weekly decline, ahead of data on consumer sentiment.
U.S. stock index futures signaled a higher Wall Street open on Friday.
July 18- General Electric Co reported a 13- percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month.
Some of the names on the move ahead of the open.
NEW YORK, July 18- U.S. stock index futures rose modestly on Friday, putting the S&P 500 on track to bounce from its biggest decline since April 10, ahead of data on consumer sentiment.
GE posted a 13 percent rise in net income, helped by increases in sales of its jet engines and oil and gas equipment.
NEW YORK— General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial. General Electric Co. is trying to become a more focused industrial conglomerate by shedding other divisions such as NBC Universal, real estate and some banking operations.
NEW YORK— General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions. GE said it plans to sell 15 percent of the company, to be called Synchrony Financial, and raise $3.1 billion in the process.
July 18- General Electric Co posted a 13 percent rise in quarterly net income on Friday, helped by increases in sales of its jet engines and oil and gas equipment. Second-quarter net income rose to $3.55 billion, or 35 cents per share, from $3.13 billion, or 30 cents per share, a year earlier.
Second-quarter net income rose to $3.55 billion, or 35 cents per share, from $3.13 billion, or 30 cents per share, a year earlier.
Jack De Gan, Harbor Advisory CIO, provides analysis of General Electric's quarterly results.
WASHINGTON, July 17- A former vice president of Alstom SA's U.S. unit pleaded guilty on Thursday over his role in a scheme to bribe Indonesian government officials to win a $118 million power project there, the U.S. Department of Justice said.
To commemorate the 45th anniversary of the moon landing, 100 pairs of sneakers inspired by moon boots will be available.
General Electric is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reported.
John Rice, Vice Chairman of General Electric, describes why the firm is pushing for infrastructure investment and how governments can facilitate a conducive environment for businesses.
*Intel gains on earnings, outlook; semiconductors rally. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner Inc shares jumped 17.1 percent to $83.13 and ranked as the S&P 500' s best performer after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.