Company Overview and News
REUTERS: General Electric Co is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by U.S. regulators, people familiar with the matter said on Tuesday.
Success rests on what employees know rather than where they sit in the hierarchy, says one observer at the Financial Times.
General Electric is among the aeroengine manufacturers growing increasingly interested in applying their experience developing gas turbines to emerging hybrid-electric propulsion architectures, such as that under development by Zunum Aero. GE’s newly developed Advanced Turboprop, recently rebranded the Catalyst, “could be a hybrid core,” says Brad Mottier, vice president and general manager of GE Aviation’s Business and General Aviation and Integrated Systems .
(Reuters) - General Electric Co (GE.N) is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by U.S. regulators, people familiar with the matter said on Tuesday.
General Electric Co is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by U.S. regulators, people familiar with the matter said on Tuesday.
Worldwide dealmaking for 2018 topped the $2 trillion mark this week, on track for the biggest year for mergers and acquisitions ever, according to data from Thomson Reuters Deals Intelligence.
General Electric Company (GE - Free Report) recently entered into a definitive agreement with Wabtec Corporation (WAB - Free Report) — a leading manufacturer of rail equipment — for $11.1 billion. Per the agreement, the company will merge its operating segment, GE Transportation, with Wabtec. On completion of the synergistic deal, General Electric will obtain $2.9 billion in cash, whereas the company and its shareholders will own a 50.
As shares of General Electric Company (NYSE:GE) have plunged, the calls for a breakup have grown louder. Bulls see the true value of GE stock as clouded by issues at GE Capital and weakness in divisions such as Lighting and Transportation. With two still-growing businesses — Aviation and Healthcare — plus a 62.5% stake in Baker Hughes a GE Co (NYSE:BHGE), optimists argue there has to be some value in General Electric stock, particularly after a 50%-plus decline from 2016 highs.
General Electric still needs billions of dollars in additional capital to pacify investors and credit rating agencies, according to J.P. Morgan.
General Electric is moving to reduce its size and simplify its business, and selling off its railroad business is just one more step on that path.
U.S. equities were on a roll on Monday that looks set to continue Tuesday, with the Dow Jones Industrial Average crossing the 25,000 threshold for the first time since March.
Miami Beach, Florida, May 22, 2018 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink Charging” or the “Company”), a leading electric vehicle (EV) charging station owner, operator, and provider, announced the Company has crossed an important growth milestone as its cloud-based Blink Network reached more than 125,000 members, growing from 88,000 members since early 2017 resulting in growth of over 42%.
U.S. stock futures are trading higher once again this morning. Wall Street continues to ride high off optimism from easing U.S./China trade tensions. What’s more, easing Treasury yields and a weakening dollar are also providing lift for stocks this morning.
I've been surprised by the market's (and Seeking Alpha's community's) bearishness when it comes to AT&T.
A veteran economic forecaster and self-described former super bull is telling investors not to get too comfortable with the stock market's latest rally.
2018-05-21 - Asif
Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...
2018-05-21 - Asif
Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...
2018-05-21 - Asif
Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...
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