GE's credit card unit, Synchrony Financial, raised $2.88 billion in its stock debut, making it the largest IPO of the year so far.» Read More
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.
July 16- General Electric Co is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reported, citing people familiar with the matter. The business, which had revenue of more than $8 billion in 2013, may fetch $1.5 billion to $2.5 billion in a sale, Bloomberg quoted the people as saying.
General Electric is in talks with potential suitors about selling its appliances business for up to $2.5 billion, Bloomberg reported.
July 16- General Electric Co is in talks with potential suitors about selling its household appliances business, Bloomberg reported, citing people familiar with the matter. The business may fetch $1.5 billion to $2.5 billion in a sale, Bloomberg said. GE spokesman Seth Martin declined to comment.
FARNBOROUGH, England, July 16- Chinese low-cost airline 9 Air has placed an order for CFM International engines worth $3.7 billion at list prices, including spare engines and a long-term service agreement, French aerospace group Safran said on Wednesday.
FARNBOROUGH, England, July 16- Safran said an order from China's Hainan Airlines to supply CFM International engines to power 50 Boeing 737 MAX 8 planes will be worth $1.3 billion at list prices. The carrier announced the commitment to buy the narrow-body planes at Farnborough Airshow earlier on Wednesday.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
FARNBOROUGH, England, July 15- Qatar Airways will seek compensation from Airbus for delays in delivery of three of the European planemaker's A380 superjumbos, the Gulf carrier's chief executive said on Tuesday.
There is a movement to reauthorize Ex-Im Bank, an agency that supports small and midsize exporters with insurance and credit guarantees.
It's easy to overestimate the Ex-Im Bank opposition, but the bank is likely to survive the latest conservative attacks, Politico's Ben White says.