General Electric (GE) Tops Q2 EPS by 5c; adj.-Backlog Up 6%
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UBS Raises Price Target on General Electric (GE) to $37 Following 2Q
July 25, 2016 8:17 AM EDTUBS reiterated a Buy rating on General Electric (NYSE: GE), and raised the price target to $37.00 (from $34.00), following the company's 2Q earnings report.
Analyst Shannon O'Callaghan commented, "2Q orders were down 16% organically, driven by a 30% organic decline in equipment orders, but we think... More
General Electric (GE) volatility increases into Q2 and outlook
July 21, 2016 12:17 PM EDTGeneral Electric (NYSE: GE) July weekly call option implied volatility is at 54, August is at 19; compared to its 52-week range of 14 to 37 into the expected release of Q2 on July 22.
... MoreU.S. CEOs back board diversity, GAAP adherence in reform push
July 21, 2016 10:43 AM EDTBy Ross Kerber
BOSTON (Reuters) - Leaders of top U.S. companies and investment firms on Thursday released a set of governance recommendations meant to encourage long-term economic growth, an unusual step that drew mixed reviews from advocates of deeper corporate reforms.
The executive group urged companies to maintain diverse boards, to feel free to avoid issuing earnings guidance, and to report results clearly, in keeping with generally accepted accounting principles, among other suggestions, according to a statement posted on the group's website.
Backers of the principles included well-known chief executives Jamie Dimon of JPMorgan... More
General Electric (GE) Completes Sale of German, French Equipment Finance and Receivable Finance Businesses
July 20, 2016 12:04 PM EDTGE (NYSE: GE) announced that it has completed the sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net investment (ENI) of approximately $6.8 billion / 6.1 billion as of first quarter 2016.
Were pleased to complete this transaction with BFCM for a significant... More
