General Electric Targets $1B Costs Savings, Pandora and DirecTV, Citi’s Pandit Speaks
General Electric Company (NYSE:GE): General Electric targeting $1B in cost savings over 3 years. Targeting total company improvement in SG&A of 1pt over 3 years. Targeting growth market margins in line with global average.
GE Healthcare, a unit of GE, announced it has reached an agreement to acquire Xcellerex, a supplier of innovative manufacturing technologies for the biopharmaceutical industry. Financial terms were not disclosed.
Citigroup Inc. (NYSE:C): Citigroup’s Pandit says macro environment still has challenges. Pandit also fully believes can begin returning capital this year. At the Citi Financial Services Conference, Pandit said Citi share price not getting credit for Citi holdings and DTA.
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