On Friday, Shares of General Electric Company (NYSE:GE), lost -2.08% to $24.
General Electric Company is predictable to win regulatory approval next week for its purchase of the power equipment business of France’s Alstom, allowing the U.S. industrial conglomerate to finally carry out a major cost-cutting program 16 months after first announcing the deal, according to Reuters.
The European Commission has set a Sept. 11 deadline to decide on the roughly $13.5 billion deal, the biggest acquisition ever for GE, which will bring together two of the world’s largest manufacturers of power plant hardware. Reuters Reports
European regulators have expressed concerns over the combined company’s control of the gas turbine market. GE has not revealed what changes it has agreed to make to win clearance from European competition regulators. Reuters added.
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 Staples, Inc. (NASDAQ:SPLS), declined -1.45% to $13.60, during its last trading session.
Staples declared that it funded 214 local classroom projects in the Boston, Cambridge and Metrowest communities, as part of its recent $10 million pledge to Think it Up™, a new national initiative of the Entertainment Industry Foundation (EIF) that seeks to inaugurate a new movement in support of students, teachers and schools, creating a culture of excitement about learning everywhere in America. This fall, Think It Up, in partnership with DonorsChoose.org, will launch a platform to fund student-powered, teacher-led learning projects in classrooms across the country.
Red Sox Pitcher and Think It Up ambassador Joe Kelly attended the declaration in support of Boston’s students and teachers. “It’s great knowing this generous donation will assist make meaningful learning projects happen in classrooms throughout the Boston area, thanks to Think It Up, DonorsChoose.org, and Staples’ commitment to supporting students,” Kelly said.
Since its founding in 2000, DonorsChoose.org has assisted fund more than 236,000 classroom projects for teachers and influenced more than 14 million students. Recently, in the Greater Boston area, Staples fully funded every project on DonorsChoose.org in Boston Public Schools, Cambridge Public Schools and Metrowest communities. More than $204,000 was donated to assist 173 teachers fulfill classroom needs and assisted 14,063 students across 85 schools in the Greater Boston area.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.
Finally, Union Pacific Corporation (NYSE:UNP), ended its last trade with -1.07% loss, and closed at $84.78.
Rob Knight, chief financial officer of Union Pacific Corporation will address the Cowen and Company 8th Annual Global Transportation Conference at 8:40 a.m. ET on Wednesday, September 9, 2015, in Boston.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
