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Market Wrap For May 21: Fed's Minutes Support Wednesday's Bull Run
Wednesday, May 21, 2014 - 4:37pm | 2652Read More...U.S. stocks rose at the opening bell and continued to rise throughout the trading session. Investors and traders breathed a sigh of relief when the Federal Reserve indicated a rate hike is not likely in the short term. According to the Fed, it is examining multiple strategies to tighten its...
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Market Wrap For April 15: Who Doesn't Love A Turnaround?
Tuesday, April 15, 2014 - 4:30pm | 2505Read More...U.S. stock futures were pointing towards a modestly higher open as investors found enough optimism from Dow components Coca-Cola and Johnson & Johnson who both reported better than expected quarterly results. Investors were further spooked by reports of pro-Russian separatists taking...
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Market Wrap For March 4: Bulls Take Over As Ukraine Fears Dissipate
Tuesday, March 4, 2014 - 5:37pm | 2664Read More...U.S. stocks recovered and posted strong gains as concerns over a military conflict involving Russia and Ukraine dissipated overnight. The Dow posted a triple digit point gain, recording its best day of the year. The S&P 500 surged to new all time highs of 1,876.23 while the Nasdaq hit new...
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General Electric To Spend $10 Billion On Green Technology Research
Monday, February 24, 2014 - 4:49pm | 351Read More...General Electric (NYSE: GE) plans to spend $10 billion in research and development of cleaner technology by 2020 as part of its “ecomagination” initiative, according to Reuters. GE's investment will focus on three areas: natural gas, renewable energy and power plants. According to a press release...
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General Electric to Spin-Off Retail Finance Unit in an IPO
Friday, November 15, 2013 - 2:20pm | 592Read More...General Electric (NYSE: GE) has confirmed its plans to spin-off a portion of its North American retail finance business in an IPO, starting next year. In a filing on Friday with the SEC, the company said it expects to issue up to 20 percent of the equity of the retail finance unit, in exchange...
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Jeff Immelt Resigns From NY Fed Board (GE)
Friday, April 29, 2011 - 8:44am | 143Read More...General Electric (NYSE: GE) CEO Jeffrey Immelt resigned yesterday from the board of the New York Federal Reserve, due to other commitments. Immelt had been a member of the New York Fed's board since January 2006. In a letter obtained by Reuters, Immelt wrote, "I am, with great regret, tendering...
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Natural Gas — The ‘American Idol' Of Energy
Friday, September 17, 2010 - 8:45am | 194Read More...U.S. utilities, which are under pressure to use more environmentally friendly fuel sources, are increasingly betting their future of natural gas at the expense of coal. As Bloomberg News notes, the U.S. Department of Energy estimates that gas-fired electricity will climb 31 percent of U.S. power...
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Thomas Friedman and GE CEO to Discuss Energy Future
Thursday, September 2, 2010 - 10:44am | 134Read More...The GridWise® Alliance today announced that New York Times (NYSE: NYT) foreign affairs columnist and Pulitzer Prize winning author Thomas Friedman will join Jeff Immelt, Chairman and CEO of GE (NYSE: GE), in a discussion of the planet’s energy future and the role of smart grids during the GridWise...
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General Electric To Raise Dividend, Add Jobs (GE)
Wednesday, April 28, 2010 - 5:56pm | 130Read More...General Electric (NYSE: GE) is optimistic about its earnings growth potential. Chief Executive Officer Jeff Immelt told investors, “The clouds are breaking and the forecast ahead of us is promising.” He also said that the mere increase in consumer spending is not enough to boost the U.S. economy....
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General Electric To Raise Dividend : Add Jobs (GE)
Wednesday, April 28, 2010 - 5:56pm | 130Read More...General Electric (NYSE: GE) is optimistic about its earnings growth potential. Chief Executive Officer Jeff Immelt told investors, “The clouds are breaking and the forecast ahead of us is promising.” He also said that the mere increase in consumer spending is not enough to boost the U.S. economy....
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General Electric (GE) Posts Good Results
Friday, January 22, 2010 - 4:20pm | 103Read More...General Electric (NYSE: GE) posted better than expected results and surprised the market. Most of its business segments fared better than market consensus. Talking with CNBC, General Electric’s CEO & Chairman Jeff Immelt said that GE is in a stable position. The company did not change its...
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Hold General Electric (GE), Look Out For Positive Signs
Wednesday, December 16, 2009 - 1:36pm | 173Read More...Deutsche Bank (NYSE: DB)(FREE stock trend analysis) recommended “Hold” rating on General Electric (NYSE: GE)(FREE stock trend analysis) after the company’s CEO Jeff Immelt addressed the 2010 outlook meeting. As expected, the management focused on the transformation that is occurring within the GE...
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John Flannery New Chief of GE India
Thursday, October 29, 2009 - 9:39am | 143Read More...Jeff Immelt, Chairman and CEO of General Electric Company (NYSE: GE),has appointed a new president and CEO for the company’s Indian operation. John Flannery, the new appointment, will not only further Indian operations, but has a key task - to create a “One GE” approach and make it a truly local...
