General Electric (GE) Declares $0.24 Quarterly Dividend; 4% Yield
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General Electric (GE) Says it Sold Remaining Equity Stake in Penske Truck Leasing
September 7, 2017 9:28 AM EDTGE [NYSE:GE] announced today that it has sold its remaining 15.5% equity stake in Penske Truck Leasing Co, L.P., to Penske Automotive Group, Inc. (PAG) and MBK USA Commercial Vehicles, Inc. (MBK), a subsidiary of Mitsui & Co., Ltd. Total proceeds are approximately $674 million -- with PAG buying approximately 35% of... More
Dell Technologies Inc. (DVMT) Announces Multi-Year Agreement with GE (GE)
September 7, 2017 7:34 AM EDTMulti-year agreement includes servers, storage, backup, end-user computing and peripherals, as well as professional servicesOne of the largest non-government contracts in company history
... More
JPMorgan Remains Negative On General Electric (GE)
September 7, 2017 6:34 AM EDTJPMorgan maintains Underweight on General Electric (NYSE: GE) price target of $22.00.
Analyst Stephen Tusa Jr. says $24, which was his prior floor price for the stock, is now a ceiling and believes the company is uninvestable until the stock trades in the teens.... More
United Tech, Rockwell deal faces bumpy road to approval, especially in the EU
September 5, 2017 6:51 PM EDTBy Tim Hepher, Alwyn Scott and Diane Bartz
PARIS/NEW YORK/WASHINGTON (Reuters) - U.S. aerospace and industrial company United Technologies Corp (NYSE: UTX) faces a long road to win approval for its $23 billion plan to buy avionics maker Rockwell Collins Inc (NYSE: COL), and the biggest bumps could be in Brussels rather than Washington.
United Tech and Rockwell, who both supply airplane makers, say the overlap in their product lines is relatively small. Yet opponents of the deal could argue the combination gives the... More
