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June 8, 2021

General Electric Co

Aerion Supersonic shuts down, ending plans to build silent high speed business jets

CNBC
CNBC – For more and to sign up click here Artist drawing of a supersonic jet designed to fly at speeds up to Mach 1.4 or approximately 1,000 miles per hour. Aerion Corporation Aerion Supersonic, the Nevada-based company that planned to build business jets capable of silently flying nearly twice......

Delta taps longtime General Electric executive as its new CFO

CNBC
CNBC – For more and to sign up click here Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines named on Friday......

Stocks making the biggest moves in the premarket: Disney, DoorDash, Snowflake, Fisker & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming service fell short of Wall Street predictions. Disney reported better-than-expected......

As Boston Celtics struggle, jersey patch partner Vistaprint takes the long view

CNBC
CNBC – For more and to sign up click here Boston Celtics guard Kemba Walker (8) is fouled by Miami Heat center Bam Adebayo (13) during a regular season NBA game on May 9, 2021 at TD Garden in Boston, MA. Matthew J. Lee | Boston Globe | Getty Images......

3M and GE warn of supply chain constraints. What that means for Boeing ahead of earnings

CNBC
CNBC – For more and to sign up click here A duo of industrial earnings has shed a light on supply chain constraints companies are facing. General Electric CEO Larry Culp told CNBC on Tuesday that the company had seen supply chain issues and would raise prices to offset cost......

Taxes and inflation will be key themes for markets in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in......

GE could rebound to levels not seen in more than three years if it clears this hurdle, trader says

CNBC
CNBC – For more and to sign up click here President Biden’s infrastructure plan is a boon for clean energy, and one unsuspecting winner could be General Electric. The company’s investments in wind turbines are beginning to challenge Siemens and Vestas Wind Systems among others. CEO Larry Culp has made......

GE stock rallies after tough week as bullish analysts defend airline leasing deal

CNBC
CNBC – For more and to sign up click here Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric stock surged more than 5% Monday as bullish analysts defended the company’s decision last week to sell its jet-leasing business to rival AerCap and new financial guidance. On Wednesday, the Boston-based conglomerate......

AerCap CEO talks the future of aircraft leasing after massive GE deal

CNBC
CNBC – For more and to sign up click here AerCap Holdings rocked the aviation world last week with a $30 billion deal for General Electric‘s aircraft leasing arm, General Electric Commercial Aviation Services, or Gecas. For GE, it marks CEO Larry Culp’s latest move to slim down the conglomerate,......

How wind power is leading America’s energy transition

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CNBC – For more and to sign up click here Wind is now America’s top renewable source of electricity generation. 2020 in particular was a banner year for wind power in the U.S., with more capacity installed in the final quarter of 2020 alone than in all of 2019. Now,......

GE sheds finance assets as it focuses on industrial business and seeks to strengthen balance sheet

CNBC
CNBC – For more and to sign up click here Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric‘s announcement Wednesday that it will sell its jet-leasing business to rival AerCap and fold a substantially slimmed down GE Capital into its balance sheet is the latest indication that CEO Larry......

Stocks making the biggest moves premarket: GE, Eli Lilly, Campbell Soup and others

CNBC
CNBC – For more and to sign up click here Check out the companies making headlines before the bell: General Electric (GE) – GE struck a deal to combine its aircraft leasing unit, GE Capital Aviation Services, with Ireland’s AerCap (AER). It had been reported earlier this week that the......

GE to merge aircraft leasing unit with rival AerCap in a $30 billion deal as industry faces more pandemic turmoil

CNBC
CNBC – For more and to sign up click here General Electric on Wednesday said it reached a deal sell its jet-leasing business with rival AerCap in a deal valued at $30 billion, a move that would create a massive lessor as the aviation industry struggles through the Covid-19 pandemic......

Jeff Immelt says perception of his time as GE chief executive unfair and incomplete

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CNBC – For more and to sign up click here Jeffrey Immelt (center), executive at General Electric Corporation, attends a press conference in New York. Erik Freeland | Corbis Historical | Getty Images Jeff Immelt told CNBC on Monday the perception of his time as CEO of General Electric has......

Justice Department seeks more information on Salesforce’s $27 billion deal for Slack

CNBC
CNBC – For more and to sign up click here Marc Benioff Katie Kramer | CNBC The U.S. Justice Department’s Antitrust Division has asked Salesforce and Slack for more information ahead of Salesforce’s plan to buy the smaller software company for $27 billion, Salesforce said Tuesday. The development could indicate......

It’s ‘show me’ time for industrials as earnings season picks up, trader says

CNBC
CNBC – For more and to sign up click here Earnings for industrials companies are picking up speed this week. Raytheon Technologies, 3M and General Electric each reported early Tuesday morning: Raytheon topped sales and profit estimates, 3M benefited from higher demand for the company’s health-care products and GE posted......

Apple and Tesla earnings, along with the Fed and GDP will drive markets in the week ahead

CNBC
CNBC – For more and to sign up click here A Chinese customer walks by a large screen at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China. Kevin Frayer | Getty Images Stimulus euphoria may be waning, but......

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