Conglomerates
(PPG) Why Share Buybacks Are One of the Most Bullish Signals You Can Get
by Alexander Green, Investment U’s Chief Investment Strategist
(GE) General Electric to Invest Over $2 Billion in China
General Electric Company (GE) recently announced that it would be making an investment of above $2 billion to expand its research and development activity in China through 2012. The investment will also aid...
(GE) General Electric to Invest $500 Million in Brazil
General Electric Company (GE) announced plans to put in more than $500 million into its Brazilian operations.
GE announced that it will focus on areas including oil, gas, renewable energy, mining and...
(MMM) 3M Company Quarterly Earnings Scorecard
On October 28, 3M Company (MMM) reported its third quarter fiscal 2010 earnings of $1.53 per share, ahead of the Zacks Consensus Estimate. With a 13% increase in its earnings, the company’s sales improved...
(UTX) UTX Technologies Beats The Street on Lower Revenue
United Technologies Corp. (UTX) reported third-quarter earnings per share from continuing operations of $1.43, above the Zacks Consensus Estimate of $1.28. The year-over-year increase in the company’s earnings,...
(GE) General Electric Earnings Beat Expectations on Lower Revenue
General Electric Company (GE) released its earnings results for third quarter of 2010 before the opening bell today, reporting earnings per share of 29 cents, beating the Zacks Consensus estimate of 27 cents....
(GE) General Electric Wins Large Brazilian Contract
GE Transportation, a unit of General Electric Co. (GE), clinched the largest locomotive purchase order in Brazil from MRS Logistica S.A. (“MRS”), a Brazilian rail operator. The announcement was made public...
(UTX) United Technologies to Upgrade JT8D Repair Facility
Pratt & Whitney, a division of United Technologies Corp. (UTX) has entered into an agreement with ITR-Turborreactores, S.A. de CV (an ITP Group Company) to build a Designated Service Provider (DSP) Center...
(GE) General Electric Wins Gets LNG Contract
The Oil & Gas business of General Electric Co. (GE) has entered into a supply and service agreement for the development of Papua New Guinea (PNG) LNG project. The project involves improvement of gas production...
(UTX) United Technologies Corporation Powers US Military Satellite
With the help of Pratt & Whitney Rocketdyne, a unit of United Technologies Corporation (UTX), the US military has successfully launched its first Advanced Extremely High Frequency military communications...
(GE) U.S. May 2010 Trade Deficit Jumps to $49.9 Billion
In June, the nation’s Trade Deficit jumped to $49.90 billion from $41.98 billion in May, and from just $27.14 billion a year ago. That is an 18.9% rise for the month and a 83.9% increase from a year ago. It is far worse than the expectations which were...
(GE) General Electric in Utility Privatization Project
GE Intelligent Platforms, a part of General Electric (GE), will be working on the Alaska Utility Privatization Project being developed by Doyon Utilities LLC. The project will use GE’s Proficy Process Systems,...
(GE) General Electric Beats Estimates
General Electric Company (GE) reported earnings per share from continuing operations of 30 cents for the second quarter of 2010, exceeding the Zacks Consensus Estimate of 27 cents. Segment profit increased...
(GE) General Electric’s Aviation Subsidiary Gain Orders
GE Aviation, a subsidiary of General Electric Co. (GE), and its joint venture partners, CFM International and the Engine Alliance, recently received orders worth $16 billion for engines and services collectively....
(MMM) 3M 2010 Second Quarter Earnings Beat – Boosts Expectations
3M Co. (MMM) released its earnings results for second quarter of 2010 before the opening bell today, reporting earnings per share of $1.54, beating the Zacks Consensus Estimate of $1.48. With a 28.3% increase...
(GE) General Electric Enters Five-Year Deal With Tennessee Valley Authority
General Electric Co. (GE) entered into a five-year service deal with the Tennessee Valley Authority (“TVA”) to work together as a single entity and meet the strategic requirements of TVA. As per...
(GE) General Electric Funds $200 Million in Power Grid Technology
General Electric Co. (GE), together with its partners Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers and RockPort Capital, plans to invest $200 million...
(MMM) 3M Acquires Dailys
3M Company (MMM) has acquired Dailys Ltd, a U.K– based manufacturer of disposable, protective clothing. The terms of the transaction were not disclosed. Dailys specializes in non-woven, chemically treated...
(GE) General Electric Wins Contracts in Oman
General Electric Co. (GE) becomes a part of the Salalah Independent Water & Power Project (IWPP) in the Dhofar region of southern Oman. The multiple contacts awarded to the company are valued at approximately...
(UTX) United Technologies’ Sikorsky Subsidiary Wins $8.4 Million Contract
Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (UTX), received an $8.4 billion contract from the US Navy for the VH-3D Executive Helicopter special progressive aircraft rework. This is...
(UTX) United Technologies’ Sikorsky Acquires LifePort
Sikorsky Aerospace Services has acquired aircraft accessories manufacturer LifePort Inc. The target company is based out of Washington and had revenues of $65 million for 2009. Sikorsky Aerospace Services is a division of Sikorsky Aircraft Corp, a United Technologies...
(MMM) 3M Guides 2010 Second Quarter Above The Street
3M Co. (MMM) announced its second quarter 2010 sales guidance of $6.6 billion to $6.75 billion, reflecting an organic growth of 16% to 18% compared with the second quarter of 2009.
The median of the...
(GE) Aviation Industry Companies Sign Orders
Five companies in the airlines industry and in the aircraft component manufacturing industry have been awarded a total of $125 million over a period of five years by the Federal Aviation Administration to develop aviation technologies that consume less energy, involve less...
(GE) General Electric Invests in Ecomagination Research & Development
General Electric Co. (GE) met its $5 billion investment target for ecomagination research and development one year ahead of schedule in 2009. The company plans to invest up to $10 billion in the next five...
(GE) Trade Deficit Rose in April
The Trade Deficit rose to $40.285 billion in April from $40.047 billion in March, and up sharply from $28.445 a year ago.
There were a few silver linings. First, the deficit was less than the $41.3 billion expected by the consensus of economists. Second,...
(GE) General Electric Introduces as Engine Efficiency Technology
General Electric Co. (GE), a leading worldwide supplier of power generation and energy delivery technologies, has become the first gas engine manufacturer to use two-stage turbocharging technology. The innovation...
(GE) General Electric – Beat Earnings Estimates in the First Quarter by 31%
General Electric (GE) is in a rebuilding year as the economy recovers which should boost its industrial businesses and as it works its way through losses in its GE Capital unit. The company has an outstanding...
(PPG) PPG Industries Resumes Shelby, North Carolina Operations
PPG Industries (PPG) has recently restarted its furnace at the facility in Shelby, North Carolina. The North Carolina facility is under PPG’s fiber glass business. The company states that the restart would...
(PPG) PPG Industries First Quarter 2010 Earnings Scorecard
PPG Industries (PPG) continued to experience a moderate recovery in several of the global end-use markets during the first quarter of 2010. This recovery combined with lower costs resulting from its restructuring...
(GE) Three Companies Upgrading America’s Electric Grid
The U.S. electrical power grid is America’s national “engine.”
In fact, it’s been described as the largest system of interconnected machines on the planet.
Just consider these statistics:
- It boasts over one million megawatts of...
17May2010 | InvestmentU | 0 comments | Continued