GE Anticipates Growth Target Miss in Germany and 2 Other Dow Movers to Watch
General Electric Co. (NYSE:GE): Current price $23.39
GE’s European Chief, Ferdinando Beccalli-Falco, told Die Welt that the conglomerate will miss its growth target for its German business after that country’s economy slumped in industrial orders in 2012. The executive said: “We are growing very well. But due to last year’s economic weakness we will not manage to double sales from 2011 to 2015.” Currently, GE has roughly 7,500 employees in Germany, where it concentrates on green and medical tech, research and development, and financial services.
Boeing Co. (NYSE:BA): Current price $104.82
South Korea-based Asiana Airlines said Monday that the senior pilot who monitored the landing by a more junior colleague of the Boeing 777 passenger jet that crashed in San Francisco on Saturday was on his first flight as a trainer. The carrier said that Lee Jung-min, the senior pilot on the flight, had received his training certificate in June.
Verizon Communications Inc. (NYSE:VZ): Current price $51.08
Verizon Digital Media Services introduced Verizon Live Events to assist broadcasters, studios, content retailers, and multichannel video programming distributors address the quickly growing consumer demand for viewing live events on TV and online. This service adds to video-on-demand and linear channel services also offered on Verizon’s video-optimized media platform. Via an arrangement with Origin Digital, a premier video-streaming company, Live Events can purchase event feeds from any source, including satellite, terrestrial fiber, and Internet, and then transcode and deliver the content to broadcasters and other commercial customers.