Alcatel-Lucent (NYSE:ALU) [Trend Analysis] raised 0.53% to settle at $3.78 with the total traded volume of 2.06 Million shares. Nokia receives antitrust clearance from the Chinese Ministry of Commerce for its proposed acquisition of Alcatel-Lucent (ALU) (NOK). The clearance in China completes the material antitrust review process required for the transaction. As part of its acquisition of Alcatel-Lucent, Nokia intends to create a joint venture in China with China Huaxin Post & Telecommunication Economy Development Center to combine Nokia’s telecommunications infrastructure businesses in China with Alcatel-Lucent Shanghai Bell . The firm’s shares performance for the last one month was 7.39% and 1.89% in the previous week, whereas year to date performance was calculated 6.48%.
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Stocks of General Electric Company (NYSE:GE) [Trend Analysis] closed at $28.99 in last session with the total traded volume of 130.99 Million. General Electric commences an offer to exchange GE common stock for common stock of Synchrony Financial (SYF) (GE). Last week, Synchrony Financial received approval from the Federal Reserve to become a stand-alone savings and loan holding company following the completion of the exchange offer. In the exchange offer, or split-off, GE shareholders will have the option to tender for exchange some, none, or all of their shares of GE common stock for shares of Synchrony. GE shares tendered and accepted for exchange will reduce the outstanding shares of GE. As took short look on the firm profit margin which was recorded -5.40%, and operating margin was recorded 9.30%. The Financial Institutional ownership of the firm was 56.70% while by insiders was 0.03%.
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Spectra Energy Corp. (NYSE:SE) [Trend Analysis] following opening at $28.94 hit its intraday high price of $29.13 moreover then finished at $29.11 as shares moving down -0.82%. Spectra Energy and Spectra Energy Partners (SEP) execute an agreement for Spectra Energy Partners’ one-third ownership interests in the Sand Hills and Southern Hills NGL pipelines (SE). The firm and Spectra Energy Partners (SEP) have executed an agreement for the acquisition by Spectra Energy of Spectra Energy Partners’ one-third ownership interests in the Sand Hills and Southern Hills natural gas liquids pipelines. Co also executed a previously detailed agreement with Phillips 66 (PSX) and DCP Midstream (DPM)(the 50-50 joint venture between Spectra Energy and Phillips 66) under which Spectra Energy will contribute its interests in the Sand Hills and Southern Hills pipelines and Phillips 66 will contribute $1.5 billion in cash, respectively, to DCP Midstream. As took noticed on the firm performance, its weekly performance was -0.82%, monthly performance was 4.26%. The stock price of SE is moving up from its 20 days moving average with 2.63% and isolated positively from 50 days moving average with 2.43%.
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