General Electric and 3 Dow Giants with Market Moving News This Week
Here’s your Cheat Sheet to the week in Dow 30 stock news:
General Electric Company (NYSE:GE): Current price $22.62
GE Capital, Healthcare Financial Services is serving as sole lender and administrative agent on $12 million in senior secured credit facilities for SIGA Technologies (NASDAQ:SIGA), which are comprised of a $5 million term loan and a $7 million revolving line of credit.
QIAGEN (NASDAQ:QGEN) said that Clarient, a GE Healthcare business, has adopted the use of the therascreen KRAS RGQ PCR Kit as a companion diagnostic to guide the use of Erbitux as a treatment in patients suffering from metastatic colorectal cancer. Clarient has a customer base in excess of 2,000 pathologists, oncologists, clinical laboratories and hospitals. It chose QIAGEN’s therascreen KRAS test and QIAGEN’s Rotor-Gene Q MDx instrument subsequent to FDA approval of the test in July 2012.
In Russia, GE Transportation, Locorail and Yakutia Railways have signed a Memorandum of Understanding through which to explore the formation of a strategic relationship to modernize diesel electric locomotives. The MOU creates a framework by which Yakutia Railways, under GE license, will modernize diesel electric locomotives at Yakutia Railways facility in Aldan, Russia employing GE FDL engine kits made at GE Transportation facilities in Erie and Grove City, Pennsylvania. Through the terms, GE Transportation will provide at least 20 FDL engine kits per year over five years.
The Boeing Company (NYSE:BA): Current price $74.87
The joint American and Japanese inquiry into the Boeing 787’s battery difficulties has shifted from the battery-maker to the maker of a monitoring system. Japan transport ministry official, Shigeru Takano, said on Monday that the investigation into battery-maker GS Yuasa was finished for now as no evidence was found that made it the source of the problems.
All Nippon Airways intends to seek damages from Boeing because of flight cancellations and other expenses incurred by the grounding of 787 jets, according to Associated Press reports.
Airbus has evaluated the alternatives to lithium-ion batteries for its next jet, the A350, and its chief Executive Fabrice Bregier will have time to adapt to any rule changes caused by the problems that have grounded Boeing’s 787 Dreamliner, says Reuters.
Wal-Mart Stores (NYSE:WMT): Current price $70.49
United States Representatives Elijah Cummings (D-MD) and Henry Waxman (D-CA) have brought new public accusations that Wal-Mart Stores bribed public officials in Mexico to suit its growth plans, according to Bloomberg.
The largest union of retail and grocery workers in the United States, the United Food and Commercial Workers, pledges to not try to unionize Wal-Mart workers, says The New York Times, which added that the union made the promise so as to avert charges of illegal picketing.
The Walt Disney Company (NYSE:DIS): Current price $54.59
Network18 Group’s equal joint venture with Viacom (NYSE:VIAB) has created a partnership in India with the Walt Disney Co. through which to collect content and distribute TV channels, according to the Wall Street Journal. The Network18-Viacom joint venture, which is called IndiaCast Media Distribution, will own 74 percent and Disney’s India division, Disney UTV, will own the remainder.
Don’t Miss: Is Consumer Sentiment On the Rise?