On Thursday, Shares of General Electric Company (NYSE:GE), lost -0.16% to $25.18.
General Electric Company - Just two years after GE Appliances declared an $88 million investment in new product manufacturing and the addition of 110 jobs at its LaFayette, Ga., cooking products production facility*, it is expanding again. In response to raised consumer purchases of the products made there, the plant will improvement employment on first shift and add a new third shift operation, creating nearly 90 new jobs by the end of the year.
“Consumers are clearly responding favorably to our investment in our cooking products. Sales are growing and, in turn, so are American jobs,” said Paul Surowiec, product general manager, cooking, for GE Appliances. “These new products incorporate quality craftsmanship, the latest technology and great features that are delighting consumers and our retail and builder partners.”
The Roper Corporation facility has been a vital part of the Northwest Georgia community since 1973. It is the largest single-site private employer in Walker County with about 1,750 employees, making GE’s newest line of electric and gas cooktops, freestanding ranges and electric wall ovens.
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products.
Shares of Citigroup Inc (NYSE:C), inclined 0.52% to $49.87, during its last trading session.
The Preferred Stock Committee of the Board of Directors of Citigroup Inc. declared dividends on Citigroup’s preferred stock as follows:
– 8.40% Fixed Rate/Floating Rate Non-Cumulative Preferred Stock, Series E, payable October 30, 2015, to holders of record on October 20, 2015. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $42.00 for each receipt held.
– 8.125% Non-Cumulative Preferred Stock, Series AA, payable November 16, 2015, to holders of record on November 5, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.5078125 for each receipt held.
– 5.800% Noncumulative Preferred Stock, Series C, payable October 22, 2015, to holders of record on October 12, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.3625 for each receipt held.
– 5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable November 16, 2015, to holders of record on November 5, 2015. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $26.75 for each receipt held.
– 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J, payable December 30, 2015, to holders of record on December 18, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4453125 for each receipt held.
– 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K, payable November 16, 2015, to holders of record on November 5, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4296875 for each receipt held.
– 6.875% Noncumulative Preferred Stock, Series L, payable November 12, 2015, to holders of record on November 2, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4296875 for each receipt held.
– 6.300% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series M, payable November 16, 2015, to holders of record on November 5, 2015. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $31.50 for each receipt held.
– 5.800% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series N, payable November 16, 2015, to holders of record on November 5, 2015. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.00 for each receipt held.
– 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series P, payable November 16, 2015, to holders of record on November 5, 2015. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $33.220833333 for each receipt held.
Citigroup Inc. (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, counting consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth administration.
Shares of Oasis Petroleum Inc. (NYSE:OAS), inclined 5.76% to $9.18, during its last trading session, as the energy sector gets a boost from the jump in oil prices.
A slight improvement in economic data out of China and Russian airstrikes in Syria are assisting to drive the price of the commodity into the green Thursday.
China released its official purchasing managers’ index results recently, which gauges nationwide manufacturing. For September, the gauge moved up slightly to 49.8 from 49.7, the Wall Street Journal reports. Anything below 50 signifies contraction in factory activity.
China is the world’s second largest oil consumer and there has been concern that the country’s struggling economy will limit its demand for oil. The global oil market has been over supplied for more than a year as OPEC members continue production in order to protect market share.
Additionally, Russia has begun launching its first airstrikes in Syria, adding to uncertainty in the Middle East, the largest oil producing region in the world, the Journal wrote.
On other hand, Oasis Petroleum has been given a consensus recommendation of “Hold” by the thirty-one ratings firms that are presently covering the company, Market Beat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.54.
Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, Atmel Corporation (NASDAQ:ATML), ended its last trade with -0.62% loss, and closed at $8.02.
Cypress Semiconductor Corp. (CY) recently issued the following statement in response to recent market rumors regarding Atmel Corporation (ATML).
Cypress formerly presented an offer to the Board of Directors of Atmel to acquire Atmel. That offer expired and Cypress has withdrawn its interest in an acquisition of Atmel. Cypress regularly evaluates acquisition opportunities to complement its existing business, and maintains a disciplined approach to ensure that it continues to deliver long-term value to its shareholders.
Cypress (CY) delivers high-performance, high-quality solutions at the heart of recently’s most advanced embedded systems, from automotive, industrial and networking platforms to highly interactive consumer and mobile devices.
Atmel Corporation is a designer, developer and supplier of microcontrollers. The Company operates through four segments: Microcontroller, Nonvolatile Memory, Automotive and Multi-Market and Other. The Microcontroller segment comprises the Company’s general purpose microcontroller and microprocessor families, AVR 8-bit and 32-bit products, Atmel SMART ARM based products, its 8051 8-bit products, and designated commercial wireless products, among others.
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