Hints and tips:
...Ge said she and her friends were close to the stage when a rapper performed, and noted that stage lights were “quite strong”....
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...In short, Apollo does the kinds of things that GE Capital did once upon a time (before its demise) but without taking the existential risk of borrowing short and lending long....
...Siemens and GE are now also data service providers. Products based on data intelligence have greater global reach as they are more easily “exported” into new markets than physical goods....
...Its current private equity owners, Veritas Capital and Evergreen Coast Capital, are selling after they took the company private for $5.7bn in 2019, merged it with assets from GE Healthcare, cut costs and...
...Within months, Veritas and Evergreen Coast Capital announced their plan to buy Athenahealth for $5.7bn and merge it with the former GE business, which had been renamed Virence Health....
...For GE, Gecas’ sale would be another weight off its shoulders....
...News round-up Goldman slashes Solomon’s pay over 1MDB scandal (FT) EQT to buy Exeter Property Group in $1.9bn deal (FT) Chinese stocks fall as central bank adviser warns of asset bubble (FT + Lex) GE...
...(BBG) News round-up Chrysaor agrees reverse takeover of Premier Oil (FT + Lex) Finablr agrees to take over offer from Prism (FT) Bridgewater settles suit filed by former co-chief executive (FT) GE faces...
...&A boom propelled by Covid-19 (FT) Deutsche Bank returns to profit as bond trading surges (FT + Lex) Top shareholders in Kaz Minerals launch £3bn buyout (FT) Callaway/Topgolf: no laying up (FT Lex) GE...
...imperils profits Flybe/state aid: UK sets good precedent as coronavirus bites Rate cuts/profits: no silver bullets Waymo: Google’s carpool for a driverless moonshot Twitter/Elliott: Jack of all trades GE...
...to sell Baker Hughes stake within 3 years to bolster balance sheet (FT) China Three Gorges mulls $4bn stake sale in overseas unit (BBG) Santander slumps to €11bn loss after writedowns (FT) GE to sell...
...“Our strategy is to be the GE Capital of the future,” Rowan told investors last year....
...“If you think about what [GE] lent against, they lent against planes, trains, automobiles, medical equipment, dealer floor plan [used car inventories], franchises, and so on.”...
...John Thornhill's column this week compares @Jack with another famous Jack — Jack Welch, the former GE chief who died this week....
...GE, Athene and Apollo all declined to comment on their talks. Additional reporting by James Fontanella-Khan...
...I bought stock today,” said Mr Druckenmiller, who was already a GE shareholder. By 1pm in New York on Friday GE shares were trading at about $8.70, 9 per cent higher on the day....
...GE said in a statement: “This settlement contains no admission of any allegations and concludes the FIRREA investigation of WMC Mortgage Corporation, LLC....
...By early 2015, GE employed more than 1,000 software engineers, and had opened a hub in San Ramon in the San Francisco Bay area....
...Nvidia, which makes high-performance chips, has a partnership with Baker Hughes, the oilfield services group controlled by GE, and has also been working with Schlumberger and Halliburton....
...S&P has a long-term issuer credit rating of ‘A’ on GE, the third-highest rung of rating after AAA and AA. The company is now on credit watch negative....
...News round-up French insurer Axa takes full control of Chinese venture (FT) SoftBank relaxed about price of India investments (FT) Learning the lessons of GE’s steepening decline (FT View) WPP to merge...
...Why should GE, at a $111bn market cap, be shunted out by Walgreens, which is worth $67bn? Because Walgreens trades around $68 per share, while GE’s stock has dropped below $13....
...Smart Reads Selling shells by the Delaware shore The state that has more corporate entities registered than people is considering dropping anonymous LLCs....
...Fellow rating agencies S&P and Fitch have both assigned GE ratings of AA-. In October, S&P placed GE’s rating on review for a possible downgrade, citing its weak operating results....
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