On Thursday, Shares of General Electric Company (NYSE:GE), gained 0.29% to $27.72.
General Electric Company, credit rating, the best among U.S. industrial companies, is at risk as the manufacturing giant weighs adding debt to support its expansion, according to Bloomberg.
A proposal to borrow as much as $20 billion would likely reduce GE’s AA+ rating from Standard & Poor’s, said Joel Levington, an analyst with Bloomberg Intelligence. While the move could hurt bondholders, it will boost GE’s ability to make acquisitions and repurchase shares, he said. Bloomberg Reports.
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 MetLife, Inc. (NYSE:MET), inclined 0.56% to $53.59, during its last trading session.
Steven A. Kandarian, chairman, president and chief executive officer of MetLife, Inc. will present at the Deutsche Bank Global Financial Services Investor Conference on Wednesday, June 3, 2015 at about 9:40 a.m. EDT.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
At the end of Thursday’s trade, Shares of The Bank of New York Mellon Corporation (NYSE:BK), gained 0.05% to $43.64.
The Bank of New York Mellon Corporation, has designated Donald J. Heberle to be the new Chief Executive Officer of BNY Mellon Wealth Administration, succeeding current CEO Lawrence Hughes. After 24 years with the company, Hughes has decided to retire from his role as of June 30, 2015, and will continue with BNY Mellon in an advisory role within BNY Mellon Investment Administration.
Heberle will be based in New York where he will continue to direct the long-term growth and expansion strategy that the Wealth Administration leadership team has been driving for the past two years.
Since he joined BNY Mellon in 1997, Heberle has served in several key leadership roles. As Executive Director of Client Advice and International Wealth Administration, Heberle oversees the firm’s International Wealth Administration business, its Family Wealth Advisory and Wealth and Estate Strategist groups in addition to client service delivery strategy.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Finally, The Interpublic Group of Companies, Inc. (NYSE:IPG), ended its last trade with 0.53% gain, and closed at $21.02.
The Interpublic Group of Companies, declared that the company`s Board of Directors has declared a quarterly dividend on IPG common stock of $0.12 per share, payable on June 16, 2015 to holders of record at the close of business on June 2, 2015.
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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