Company Overview and News

Asian markets mostly lower after Wall Street gains

BEIJING (AP) — Asian markets were mostly lower Tuesday after Wall Street gained as Italy moved toward forming a euroskeptic-led government.

PRESS DIGEST-New York Times business news - May 22

46m reuters
May 22 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

This Dog Of The Dow Is No Mutt

1h seekingalpha
There still is potential for growth by increase consumption of Coca-Cola products in places like China and India.

PRESS DIGEST -Wall Street Journal - May 22

1h reuters
May 22 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

Wall Street rises on trade war truce; industrials lead

1h thehindubusinessline
US stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent.

Wall Street rises on trade war truce; industrials lead

3h moneycontrol
US stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent.

General Electric Company Has Taken the First Step Towards Recovery

7h investorplace
General Electric Company (NYSE:GE) is finally doing what analysts expected, even demanded it do after John Flannery became CEO last year.

Business Highlights

WASHINGTON (AP) — A divided Supreme Court has ruled that businesses can prohibit their workers from banding together in disputes over pay and conditions in the workplace, a decision that affects an estimated 25 million non-unionized employees. With the court's five conservative members in the majority, the justices held that individual employees can be forced to use arbitration, not the courts, to air complaints about wages and overtime.

Top Stock Picks for the Week of May 21, 2018

8h zacks
General Electric (GE - Free Report) shares hit a new decades-low in 2018 as the company instituted a new turnaround plan. With its announcement of its deal with Wabtec, are the pieces starting to fall into place? This Zacks Rank #3 (Hold) is off its lows. Find out why Sheraz thinks it’s a buy right now.

General Electric, Alphabet and Micron Technology surge

The conglomerate will get $2.9 billion as it combines its train engine business with Westinghouse Air Brake Technologies.

GE merges transportation unit with Wabtec in US$11.1b deal

9h channelnewsasia
NEW YORK: General Electric Co confirmed on Monday (May 21) it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp , a US manufacturer of equipment for the rail industry, in a deal valued at about US$11.1 billion.

Wall Street forges higher on China-US trade truce cheer

9h channelnewsasia
NEW YORK: Wall Street started the week with a rally on Monday (May 21), sending stocks higher as investors heaved a sigh of relief that Washington and Beijing had decided to step back from a possible trade war.

Boeing, Caterpillar Lift the Dow Monday

10h 247wallst
May 21, 2018: Markets opened higher Monday following a weekend where tensions with China over tariffs and trade eased substantially even though no final deal appears to be near. 10-Year Treasury yields remain above 3% and the dollar traded higher. All equity sectors except healthcare were trading higher as Monday’s regular session wound down.

GE And Wabtec Merger: Good News Already Priced In

10h seekingalpha
The company will own a 50% stake in the business, although much ends up directly in the hands of GE shareholders.

GE: The Real Problem

10h seekingalpha
There are broad theories about whether or not GE can actually steer the course and remain viable into this new millennium - and legitimate questions exist on both sides.

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