GE to SUPPLY Datang Gaojing Power Plant and 4 Heavily Traded Stocks
Office Depot (NYSE:ODP) recorded a profit margin of 1.01 percent for the previous 12 months and an operating margin of 0.34 percent. Return on equity for the stock was 9.70 percent, and return on assets was 2.73 percent.
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Sprint Nextel Corporation (NYSE:S) pursuit of alternative debt instruments assisted in raising $8.5 billion for the maintenance of sufficient liquidity to address its near-term maturities and elevated cash requirements for a number of initiatives.
Facebook Inc (NASDAQ:FB) co-founder Dustin Moskovitz has been steadily selling his stake in the social networking company. He sold 1.8 million shares between August 27 and September 4, according to a report by Venture Beat last night, citing SEC filings.
Bank of America Corp (NYSE:BAC): The attorneys general of Maryland, Massachusetts, New York, and Connecticut have been examining the amount their states could have lost due to a lowered Libor. However, although cases have been previously filed by private sector lawyers, these public officials are attempting to bring more wide-ranging lawsuits on behalf of the states, according to the New York Times. The Justice Department coordinated with them and is now leading its own investigation.
General Electric (NYSE:GE) is to supply three 9FB gas turbines for the 1,378-megawatt (NYSE:MW) Datang Gaojing combined-cycle cogeneration power plant that is under construction in Beijing, which marks the debut of this technology in China. The new facility is to assist in surging electricity demand in the Chinese capital while also meeting the ambitious environmental targets of China’s Five-Year Plan.
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