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GENERAL ELECTRIC CO.

Article from: The Boston Globe Article date: November 21, 2008

MONEY & MARKETS

GE fell to its lowest share price since May 1996. The world's biggest maker of jet engines and medical imaging equipment said discussions with China Investment Corp., Government of Singapore Investment Corp., and at least two other sovereign wealth funds focus on developing partnerships for infrastructure projects, not on capital stakes in GE. Barclays analysts cut their quarterly and '09 earnings estimates for the company.

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Wal-Mart Tops Fortune 500

Posted Apr 21, 08 4:07 PM CDT in Business 

Wal-Mart Tops Fortune 500
Source: AP Photo/April L. Brown, file

(Newser) – Wal-Mart nosed out Exxon Mobil for the second consecutive year to land atop the 2008 Fortune 500, with $37.7 billion in revenues, the magazine said today. In profits, the oil company far outstripped the megaretailer. Three of the top 5 on the list were oil companies, the AP reports. ChevronTexaco (No. 3) and GM (No. 4) swapped places, and ConocoPhillips again rounded out the top 5.

The rest of the top 10:

  1. General Electric
  2. Ford
  3. Citigroup
  4. Bank of America
  5. AT&T

More about:  General Motors • Ford • Citigroup • Wal-Mart • Bank of America • AT&T • ExxonMobil • General Electric • Chevron • ConocoPhillips • Fortune 500

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MARKETS

 Bank Woes Push Dow Down 196 

JPMorgan Chase, Bank of America, Citigroup all see big drops

Wall Street Journal Wall Street Journal Dec 11, 08 3:23 PM CST
(Newser) - The markets slid today as JP Morgan’s CEO made pessimistic comments about home prices, the Wall Street Journal reports. Adding to investor malaise was a Labor Department report that unemployment insurance claims are at a 26-year high, and continued uncertainty about the Detroit bailout. The Dow was down 196.33, to 8,565.09; the Nasdaq was off 57.60, to 1,507.88; and the S&P lost 25.65, to 873.59. More »

More about:  Financial Crisis • bailout • S&P 500 • auto industry • General Motors • Ford • Citigroup • Bank of America • JPMorgan Chase • NASDAQ • New York Stock Exchange • crude oil prices • financial institutions • Dow Industrial

Stocks Down, Led by Financials

Financial and energy companies led the way

Bloomberg Bloomberg Sep 24, 07 3:44 PM CDT
(Newser) - The stock market took a dip today after an IMF report predicted that credit markets may not “normalize" soon and will slow global economic growth. Financial and energy companies helped pull the Dow down 61.13 points to 13,759.06. Citigroup, Bank of America and JPMorgan Chase all fell, Bloomberg reports; Exxon Mobil, the world's biggest oil producer, led the sector to the loss column after crude prices dropped for the second day. More »

More about:  Dow Jones • S&P 500 • Nasdaq • General Motors • Citigroup • Bank of America • JPMorgan Chase • ExxonMobil • IMF

MARKETS

 Stocks End Mixed; Dow Up 25 

Good news from RIM, Oracle help lift tech sector

MarketWatch MarketWatch Dec 19, 08 3:45 PM CST
(Newser) - Stocks ended mixed today as a rally on the news of a White House bailout for the auto industry fizzled over concerns for the larger economy, MarketWatch reports. General Motors led advancing stocks with a 22.7% gain, and the Dow closed up 25.88 at 8,579.11. The Nasdaq gained 11.95, closing at 1,564.32, while the S&P 500 rose 2.60, to settle at 887.88. More »

More about:  Financial Crisis • Dow Jones • S&P 500 • Nasdaq • auto industry • General Motors • Citigroup • Goldman Sachs • Bank of America • Citibank

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