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GE Market Currents
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Thursday 12:25 PM GE expects its 2012 revenues in Brazil to jump 30% this year from $3.7B in 2011. The conglomerate plans to set up a factory in EBX Group's Acu port in Rio de Janeiro to produce equipment for the oil, gas and energy industries. As noted earlier, GE will provide $300M to an EBX investment fund.
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Thursday 12:05 PM GE (GE -0.6%) will use the entire $4.5B "special dividend" that it's receiving from GE Capital for buybacks, Jeff Immelt has told investors. That should add ~$0.03 a share to GE's 2013 earnings, estimates Citigroup, which reiterates its "buy" recommendation on the company.
[Earnings] - Thursday 10:08 AM GE plans to invest $300M for a 0.8% equity stake in a fund run by Brazilian industrial group and GE customer EBX Group, which intends to spend $50B over the next ten years in infrastructure and natural resources projects.
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at CNBC.com (Fri, 5:13PM)
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at CNBC.com (Fri, 8:52AM)
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at MarketWatch.com (May 17, 2012)
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at CNBC.com (May 17, 2012)
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at CNBC.com (May 16, 2012)
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Wed, Apr 25Popular searches: dividend, uranium enrich..., china, ge, ge capital, energy, enrichment, immelt, nuclear, reactors.
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Company Description
Business.
We are one of the largest and most diversified technology, media, and financial services corporations in the world. With products and services ranging from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer... More
Sector: Conglomerates
Country: United States
