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Edison Unit's New Wind Project - Analyst Blog
Monday, December 27, 2010 - 11:33am | 587Energy utility Edison International (EIX) announced that its unit Edison Mission Group has started commercial operation of its 150 megawatt (MW) Cedro Hill wind project in southern Texas. This project utilizes 100 General Electric Co. (GE) turbines with a generating capacity of 1.5 MW each to...
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Edison Unit's New Wind Project - Analyst Blog
Monday, December 27, 2010 - 11:00am | 587Energy utility Edison International (EIX) announced that its unit Edison Mission Group has started commercial operation of its 150 megawatt (MW) Cedro Hill wind project in southern Texas. This project utilizes 100 General Electric Co. (GE) turbines with a generating capacity of 1.5 MW each to...
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GE, INTER RAO UES & Russian Technologies to Form Joint Ventures
Monday, December 27, 2010 - 10:33am | 106GE (NYSE: GE) and two Russian companies signed a framework agreement today to form joint ventures that will help modernize the country's healthcare and power generation sectors by localizing technology, manufacturing and expertise. Under the framework agreement, GE, state corporation Russian...
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Company News for December 27, 2010 - Corporate Summary
Monday, December 27, 2010 - 10:30am | 680• Boeing (NYSE:BA) is planning to restart test flights of its problem-prone Dreamliner on Thursday, and revealing the extent of its seventh delivery schedule delay in January • According to this week's issue of Barron's, Cisco (NASDAQ:CSCO) is currently trading at an "unmerited discount." The...
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Company News for December 27, 2010 - Corporate Summary
Monday, December 27, 2010 - 10:18am | 680• Boeing (NYSE:BA) is planning to restart test flights of its problem-prone Dreamliner on Thursday, and revealing the extent of its seventh delivery schedule delay in January • According to this week's issue of Barron's, Cisco (NASDAQ:CSCO) is currently trading at an "unmerited discount." The...
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Tyco Sells Stake In Electrical & Metal Products Unit, Cancels Spin
Monday, December 27, 2010 - 1:33am | 124Tyco International(TYC) has canceled plans, announced in April, to spin off its Electrical & Metal Products unit to shareholders. Instead, Tyco announced on November 9 that it would be selling 51% of the unit, bow called Atkore, to private equity firm Clayton, Dubilier, & Rice for $720...
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GE Capital To Sell Mexican Operations To Grupo Financiero Satander (GE)
Friday, December 24, 2010 - 9:44pm | 209GE Capital, a unit of Fairfield, Connecticut-based General Electric Company (NYSE: GE), agreed to sell its consumer mortgage business in Mexico to Grupo Financiero Santander Mexico. The deal includes all of GE Capital's operations in Mexico, including the company's $2 billion consumer mortgage...
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Tyco Divests Electrical Products - Analyst Blog
Thursday, December 23, 2010 - 5:03pm | 550Tyco International Ltd (TYC) has completed the sale of a 51% stake in its Electrical and Metal Products businesses to the private equity firm Clayton, Dubilier & Rice, LLC (CD&R). Tyco will receive cash proceeds totaling $720 million. The Electrical and Metal Products businesses will...
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Tyco Divests Electrical Products - Analyst Blog
Thursday, December 23, 2010 - 4:27pm | 550Tyco International Ltd (TYC) has completed the sale of a 51% stake in its Electrical and Metal Products businesses to the private equity firm Clayton, Dubilier & Rice, LLC (CD&R). Tyco will receive cash proceeds totaling $720 million. The Electrical and Metal Products businesses will...
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Who's The Other Bidder For Massey? (MEE, MT, ANR)
Thursday, December 23, 2010 - 3:31pm | 289FBR Capital said today that Massey Energy (NYSE: MEE) is weighing offers from multiple bidders, but hasn't made a decision about what to do with the company. The board of directors isn't even sure if the company will remain public or merge with one of the potential suitors. Alpha Natural...
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Walter Buys Mobile River Terminal - Analyst Blog
Thursday, December 23, 2010 - 2:03pm | 523The producer and exporter of premium coal Walter Energy Inc. (WLT) announced that it has acquired the assets of Mobile River Terminal Co. in Mobile, Alabama from a subsidiary of U. S. Steel Corp.(X). The company will use the premium coal from these assts for export to its global consumers....
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Walter Buys Mobile River Terminal - Analyst Blog
Thursday, December 23, 2010 - 1:30pm | 523The producer and exporter of premium coal Walter Energy Inc. (WLT) announced that it has acquired the assets of Mobile River Terminal Co. in Mobile, Alabama from a subsidiary of U. S. Steel Corp.(X). The company will use the premium coal from these assts for export to its global consumers....
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Comcast Close To Completing NBC Unviersal Merger (CMCSA, GE)
Thursday, December 23, 2010 - 12:26pm | 93According to CNBC, the FCC is proposing regulatory conditions on the NBC Universal-Comcast (NASDAQ: CMCSA) deal. NBC Universal is owned by General Electric (NYSE: GE). Despite these conditions on the deal, the FCC is still expected to allow the deal to go through. The FCC's may require Comcast to...
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5 Best & Worst Performers In The Dow (AA, MRK, BAC, DIS, TRV)
Thursday, December 23, 2010 - 11:52am | 156It's 90 minutes into trading and there are a few stocks in the Dow Jones Index that are starting to shape the last trading day before Christmas. The 5 best % performers in the index are Alcoa (NYSE: AA), Merck (NYSE: MRK), Verizon (NYSE: VZ), Hewlett-Packard (NYSE: HPQ) and Chevron (NYSE: CVX). On...
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Time To Go Short GE?
Thursday, December 23, 2010 - 11:47am | 280That's what Adam Seessel, manager of the RiverPark/Gravity Long-Biased Fund thinks you should be doing. TheStreet.com recently interviewed Seessel regarding his position in a number of names, including General Electric (NYSE: GE), Yahoo (NASDAQ: YHOO), and Iron Mountain (NYSE: IRM). When asked why...