Entries tagged "General Electric Corp."
General Electric has hired J.P. Morgan Chase to find a buyer for its security division, which may sell for as much as $2 billion, according to Bloomberg.
Refinancing their debt has been a real thrill ride for amusement park operators.
GE will feel some pain from GM bankruptcy, but another downgrade on the conglomerate will likely be blamed on GE Capital's possible weakness.
General Electric Corp. [GE] surprisingly stunned investors with its announcement Friday that it did not meet analyst's first-quarter earnings expectations after its CEO just last month assured investors that it would meet the original forecast. The disappointment, which GE blames on the tightening of credit markets, sent shares of the conglomerate sinking as much as 12% in midday Friday trading, the most since the October 1987 market crash. GE's decline set the tone for a down market as the Dow fell 151.12, or 1.21% to 12,429.72, and the Nasdaq decreased 34.53, or 1.47%, to 2,317.17. Meanwhile, new developments in pending...
