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Deutsche Bank Raises Price Target on General Electric (GE)
Thursday, October 7, 2010 - 10:17am | 150Deutsche Bank is out with a research report this morning, where it reiterates its Hold rating on General Electric (NYSE: GE); it also raised its price target to $20.00, from $19.00. The DB analysts noted that they have broadly maintained 2010 estimates, including $0.28c in Q3 2010, but are raising...
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GE Building a $10M Facility in Brazil
Thursday, October 7, 2010 - 9:32am | 57GE (NYSE: GE) is building a new, US$10 million facility in Petropolis, dedicated to servicing the aeroderivative and oil and gas sectors in Latin America. Ceremony for the GE Brazil Aeroderivative Gas Turbine Service Center is scheduled for October 8, 2010, with the dedication ceremony planned for...
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Good News for ZOLL's LifeVest - Analyst Blog
Wednesday, October 6, 2010 - 7:12pm | 512Resuscitation devices maker ZOLL Medical's (ZOLL) LifeVest Wearable Defibrillator has been reportedly prescribed to more than 30,000 patients at high risk of sudden cardiac arrest (SCA) by their physicians, representing another major milestone for the company. SCA, an abrupt loss of cardiac...
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Nasdaq Slides, Dow Pauses on Jobs Data
Wednesday, October 6, 2010 - 3:47pm | 235The Nasdaq Composite slumped 1% and the Dow struggled to stay positive as the markets' jobs fears were reinforced on Wednesday by a gloomy new report showing an unexpected decline in private-sector jobs last month. Today's Markets As of 2:39 p.m. ET, the Dow Jones Industrial Average rose 3.59...
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Wednesday's Mid-day Options Volume Leaders (AAPL, C, F, BAC, GE)
Wednesday, October 6, 2010 - 12:22pm | 161The overall market is flirting with the green this morning after falling lower after the opening bell; currently, the S&P 500 (CBOE: SPX) is trading $1,161, up by 0.01 points. Tech stocks are the notable laggards today. Here are your mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL...
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Mark Vachon Named GE Vice President (GE)
Wednesday, October 6, 2010 - 10:16am | 108GE (NYSE: GE) announced today that Mark Vachon has been named vice president of ecomagination, GE's sustainable business strategy that has invested $5 billion in clean tech research and development and generated $70 billion in revenues in its first five years. Vachon, 51, is a 28-year veteran of...
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General Electric Buying Dresser For $3 Billion
Wednesday, October 6, 2010 - 10:01am | 230General Electric Co (NYSE: GE) has announced its plans to purchase Dresser Inc for $3 billion. Barclays Capital was the financial advisor of GE on the deal. The diverse portfolio of Dresser will help GE in complementing many of its product offerings. Dresser is operating in more than 100 countries...
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News Summary
Wednesday, October 6, 2010 - 9:47am | 189General Electric Co (NYSE: GE) has announced its plans to buy Dresser Inc for $3 billion. Barclays Capital was the financial advisor of GE on the deal. John Krenicki, chief executive of GE Energy said, "Dresser's technology complements our existing gas engine portfolio and adds offerings...
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UK Wellstream Rejects GE's Takeover Bid
Wednesday, October 6, 2010 - 9:47am | 94According to Trading Markets, UK Wellstream (LON: WSM) rejected a $11.92 (GBP7.50) per share takeover proposal from General Electric (NYSE: GE). General Electric claims that the next step will be to try and form an agreement with the Wellstream board, or the board of Wellstream will agree to a...
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GE to Acquire Dresser, Inc. for $3B
Wednesday, October 6, 2010 - 9:31am | 114GE (NYSE: GE) today announced that it has signed a contract to acquire Dresser, Inc.. The $3 billion deal is the latest in a series of acquisitions over the last 10 years that has helped grow GE's energy business and deliver record profitability. The addition of Dresser's portfolio, which...
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Citi Sells U.S. Retail Sales Finance Portfolios for $1.6B
Wednesday, October 6, 2010 - 8:33am | 113Citi (NYSE: C) today announced the closing of the sale of $1.6 billion in managed assets, part of its U.S. retail sales finance portfolios, to GE Capital (NYSE: GE). The assets were part of Citi Holdings. Terms of the deal, which has received regulatory approval, were not disclosed. This...
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General Maritime Corporation Announces Amendment to $372 Million Credit Facility
Tuesday, October 5, 2010 - 4:45pm | 126General Maritime Corporation (NYSE: GMR) announced today that it has amended its $372 million senior secured credit facility, dated as of July 16, 2010. Under the terms of the amended Credit Facility, the condition requiring the issuance of new common equity to finance at least 40% of the purchase...
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GE Lighting's $60M Investment Plan - Analyst Blog
Tuesday, October 5, 2010 - 6:06am | 346Cleveland-based GE Lighting recently announced its investment plans for its manufacturing unit at Bucyrus, Ohio. The company will be investing more than $60 million to expand the manufacturing of its energy-efficient lighting products. GE Lighting is a unit of General Electric Co's (GE) Kentucky...
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GE and Miahona to Advance Water Reuse Technology
Monday, October 4, 2010 - 9:05am | 47GE (NYSE: GE) has signed a memorandum of understanding with Miahona, a subsidiary of the Arabian Company for Water and Power Development Ltd., to support the Kingdom's goal for sustaining a reliable water supply and meet wastewater management requirements.
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Barron's "Catch Up" List
Monday, October 4, 2010 - 8:35am | 599The stock market is still climbing a wall of worry greased with lies, according to Barron's. For anyone owning stocks this may come as comforting, however the staggeringly high number of takeover rumors looming may also provide some caution. According to Barron's "September's Standard & Poor...