On Wednesday, Shares of General Electric Company (NYSE:GE), lost -1.30% to $25.73.
Commercial Distribution Finance (CDF), a business of GE Capital, declared that it has been selected by Bush Hog, Inc., a leading North American manufacturer of rotary cutters, to provide financing solutions to its U.S. dealer network.
CDF will provide Bush Hog dealers with a supplemental inventory financing program sometimes referred to as a “rollover program”. This “rollover program” will allow Bush Hog dealers another source of capital to finance their Bush Hog inventory coming due with the supplier.
Headquartered in Selma, AL, Bush Hog also manufactures zero-turning radius mowers, tractor loaders, backhoe attachments, landscape tools and replacement parts. Bush Hog is a partner of Alamo Group.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Goldcorp Inc. (NYSE:GG), inclined 2.37% to $15.14, during its last trading session, as Gold prices extended gains to a one-month high on Wednesday, after minutes from last month’s U.S. Federal Reserve meeting hinted to a reduced likelihood for interest rates to be raised in September, pushing the dollar lower, according to Reuters.
Minutes from the July meeting showed policymakers continued to fret that lagging inflation and a weak global economy posed too big a risk to commit to a “liftoff,” though an improving job market edged the Fed closer to an interest rate hike. Reuters Reports
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
Finally, California Resources Corporation (NYSE:CRC), ended its last trade with -6.48% loss, and closed at $3.61, hitting its lowest level, as U.S. crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unpredictable stockpile build in the United States reinforced concerns about a growing global oil glut, according to Reuters.
U.S. crude inventories rose 2.6 million barrels last week to 456.21 million barrels, the government’s Energy Information Administration said. Reuters Reports
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres.
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