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GE Oil & Gas Awarded $32M Equipment Contract
Tuesday, October 12, 2010 - 9:02am | 120GE Oil & Gas (NYSE: GE) has been awarded a $32 million contract by PlusPetrol Peru Corporation S.A. to supply compression and reinjection upgrade equipment to boost the output of the Malvinas Natural Gas Liquid (NGL) processing plant, located 400 kilometers from Lima at the southern section of...
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US Stock Futures Down As Investors Await Fed Minutes
Tuesday, October 12, 2010 - 7:12am | 255US stock futures moved down as the Fed will be releasing minutes of the September meeting today. Intel Corp (NASDAQ: INTC) is also set to report its latest quarter earnings today. Futures for the Dow Jones Industrial Average fell 80 points to 10,883 in recent action, while S&P 500 futures fell...
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Markets Float Ahead Of Mega Earnings Week
Monday, October 11, 2010 - 11:56am | 261The markets are fractionally positive today as the bond market, banks and schools are all closed in observance of Columbus Day. The reason the bond market, banks and schools are mentioned is because that creates an environment where volume will be light. This helps the markets stay flat to...
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Learning The UTX-GE Spread
Monday, October 11, 2010 - 11:15am | 241Written by Norm Winer. Follow me on Twitter and StockTwits The October 4, 2010 issue of Barron's included a positive article about United Technologies Corporation (UTX). The article cited the company's balanced business portfolio and the fact that it generates over half its revenue outside the...
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Discus Dental Acquired by Philips (PHG)
Monday, October 11, 2010 - 10:26am | 86Today, Discus Holdings, Inc. announced that it has entered into a definitive merger agreement with Royal Philips Electronics (NYSE: PHG). The transaction is expected to close in the fourth quarter of 2010, pending regulatory approvals. Following the close of the transaction, Discus will become...
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Chasing Value: Toxic Stock Update -- (BAC, BP, C, GE, GS, RIG)
Monday, October 11, 2010 - 10:22am | 176A very common refrain among value investors, "my pal Warren" being head of the class, is buy on fear (sell on greed), and it is working with the toxic stock portfolio. This is the second update to my ranting twelve weeks ago that the six most highly traded stocks receiving the most bad press would...
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Week in Preview: Earnings Expectations for Intel, GE, Google and JPMorgan
Monday, October 11, 2010 - 8:12am | 731The earnings season kicked off last week with better-than-expected results from Alcoa (NYSE: AA) and Yum! Brands (NYSE: YUM), while Marriott (NYSE: MAR) and Pepsico (PEP) met consensus EPS estimates. This week, bellwether companies Intel (Nasdaq: INTC), General Electric (NYSE: GE), Google (Nasdaq:...
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US Stock Futures Up As Investors Await Several Earnings Report This Week
Monday, October 11, 2010 - 7:03am | 213US stock futures moved up, as several companies are all set to post their quarterly earnings this week. Futures for the Dow Jones Industrial Average rose 21 points to 10,968, while those for the S&P 500 gained 2.9 points to 1,163.50. Futures for the Nasdaq 100 rose 6.25 points to 2,027. US...
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DOE Announces Offshore Wind Industry Report, Third US-China Consortium
Friday, October 8, 2010 - 2:11pm | 1322The U.S. Department of Energy released a report from the National Renewable Energy Laboratory (NREL), which comprehensively analyzes the key factors impacting the deployment of offshore wind power in the U.S. The report, "Large-Scale Offshore Wind Power in the United States: Assessment of...
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Former GE Company Marching Higher
Friday, October 8, 2010 - 12:18pm | 92Shares of Genworth Financial, Inc. (NYSE: GNW) are among the best performing gainers today, gaining nearly 5% today. In 2004, Genworth Financial was formed from various insurance businesses of General Electric Company (NYSE: GE) in the largest IPO that year, topping Google (NASDAQ: GOOG). At last...
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3M Completes Tender Offer for Cogent, Inc. and Commences Subsequent Offering Period
Friday, October 8, 2010 - 8:37am | 1743M (NYSE: MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has completed its cash tender offer for Cogent, Inc. (NASDAQ: COGT). The tender offer for all of the outstanding shares of Cogent expired at 12:00 midnight, New York City time, on October 7,...
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S&P Announces Index Changes
Thursday, October 7, 2010 - 5:29pm | 116S&P has announced some index changes to its U.S. indeces. Rofin-Sinar Technologies (NASDAQ: RSTI) will replace Cogent, Inc. (NASDAQ: COGT) in the SmallCap 600 index. Cogent is in the process of being acquired by 3M (NYSE: MMM). Dril-Quip, Inc. (NYSE: DRQ) is moving to the MidCap 400 in place...
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GE's Wind Turbines Powering Wind Farms in Poland
Thursday, October 7, 2010 - 3:35pm | 118GE's (NYSE: GE) multi-megawatt wind turbine technology has entered commercial service in Poland, GE announced today at the official opening of the Nekla windpark. With Poland's high wind potential and large agricultural areas, wind technology will play a key role to help the country meet its target...
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Calnetix Power Solutions Acquired by GE (GE)
Thursday, October 7, 2010 - 2:26pm | 131Calnetix, Inc. announced today that certain assets of its subsidiary Calnetix Power Solutions have been acquired by GE (NYSE: GE). Recovering waste heat from industrial processes and using it to produce electricity is a rapidly growing trend in the global power industry, offering high efficiency...
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GE Off To A Good Start With Their New Chapter Of Capital Allocation
Thursday, October 7, 2010 - 10:29am | 162General Electric Co (NYSE: GE) announced two acquisitions and that they acquired about $1.6 bn in sales finance assets from Citi Retail Partner Cards in a deal that is expected to be immediately accretive. In a research report, Goldman Sachs writes, "GE announced two acquisitions that reinforce an...