On Friday, General Electric Company (NYSE:GE)’s shares inclined 3.39% to $28.98.
General Electric Company (GE) has market value of $292.59 billion while its EPS was booked as $0.31 in the last 12 months. The stock has 10.10 billion shares outstanding while 56.70% shares of the company were owned by institutional investors. In the profitability analysis, the company has gross profit margin of 36.20% while net profit margin was -5.40%. Beta value of the company was 1.23; beta is used to measure riskiness of the security.
General Electric Company, commenced an offer to exchange GE common stock for common stock of Synchrony Financial (SYF) presently owned by GE. This exchange offer is in connection with the formerly declared separation of Synchrony, the largest provider of private label credit cards in the United States, from GE. The exchange offer is predictable to conclude the week of November 16, 2015.
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.
The separation of Synchrony Financial is consistent with GE’s stated strategy of focusing on its industrial core and reducing the size of its financial businesses. The separation reduces the systemic footprint of GE Capital and will allow Synchrony to operate as a stand-alone company and pursue a long-term strategy that is focused only on its own business objectives.
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products.
Twenty-First Century Fox Inc (NASDAQ:FOXA)’s shares gained 0.75% to $29.48.
Twenty-First Century Fox Inc (FOXA) has beta value of 1.38. The company has the market capitalization of $58.59 billion. Return on assets ratio of the company was 15.90% while its return on equity ratio was 46.60%. ATR value of company was 0.64 while stock volatility for week was 1.91% while for month was 2.28%. Debt to equity ratio of the company was -1.09 and its current ratio was 2.40.
With less than a year before the 2016 election, FOX Business Network (FBN) will partner with the Wall Street Journal to host a Republican presidential primary debate focused on the economy. The RNC sanctioned debate will take place on Tuesday, November 10th at the Milwaukee Theater in Milwaukee, Wisconsin.
The debate will focus on jobs, taxes, and the general health of the economy, in addition to domestic and international policy issues. FBN moderators, entry criteria and additional debate information will be released closer to the date.
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York—the business capital of the world—FBN launched in October 2007 and is available in more than 70 million homes in major markets across the United States.
Twenty-First Century Fox, Inc. is a global media and entertainment company. The Company’s Cable Network Programming segment consists of the production and licensing of programming distributed primarily through cable television systems, direct broadcast satellite operators, telecommunication companies and online video distributors.
At the end of Friday’s trade, Starbucks Corporation (NASDAQ:SBUX)‘s shares surged 0.40% to $59.93.
Starbucks Corporation (SBUX) offered 39.20% EPS for prior five years. The company has 64.20% return on equity value while its ROI ratio was 27.20%. The company has $88.95 billion market capitalizations and the institutional ownership was 72.80%. Its price to book ratio was -15.33. Volatility of the stock was 2.01% for the week while for the month booked as 2.16%.
Starbucks Corporation, plans to release its fourth quarter and fiscal year end 2015 financial results after the market close on Thursday, October 29, 2015, with a conference call to follow at 2:00 p.m. PT.
Starbucks Corporation is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 65 countries. The Company purchases and roasts high-quality coffees, along with handcrafted coffee, tea and other beverages and fresh food items, through company-operated stores. The Company sells goods and services under the brands including Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos.
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