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.

Pandora Media Inc (NYSE:P): DIRECTV (NASDAQ:DTV) and Pandora (NYSE:P) announced that DTV customers can now access Pandora personalized radio stations using DIRECTV’s 1080p HD Guide.

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┬áCiti Financial Services Conference, Pandit said Citi share price not getting credit for Citi holdings and DTA.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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