diversified holding companies
Roper Technologies Inc. stock outperforms market on strong trading day
Shares of Roper Technologies Inc. ROP, +0.81% inched 0.81% higher to $421.58 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.77% rising 0.77% to 4,128.80 and the Dow Jones Industrial Average DJIA, +0.89% rising 0.89% to 33,800.60. This was the stock’s second …
GE stock sinks after proposing reverse stock split, confirming $30 billion AerCap deal
Shares of General Electric Co. slumped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split. GE, which hosted an analyst meeting early Wednesday, also provided 2021 financial guidance, in which the range for adjusted earnings was a bit downbeat, but the …
Here’s where to invest your money before traders start ‘rotating, if not stampeding’ out of stocks, according to one Warren Buffett disciple
Earlier this year, Berkshire Hathaway threw its heavyweight name behind Barrick Gold GOLD, +0.31% with an investment that flew in the face of Warren Buffett’s longtime aversion to gold. The news was “earth-shaking in the gold market,” one strategist said at the time. Now, Kevin Smith, Crescat Capital’s chief investment officer, says others following suit …
Investors Battle Fidelity in Court Over Tax-Break Deal
In the final days of 2017, Malcolm and Emily Fairbairn thought they had everything ready to cushion the income-tax hit from more than $200 million in hedge-fund income. They prepared a large charitable donation, using their relationship with Fidelity Investments and a booming energy stock to maximize their tax deduction. It didn’t go as they …
GE Pitches Investors on Its Health-Care Unit, a Steady Source of Cash
General Electric Co. aims to excite investors about its health-care division, a business that was tagged to be cast off but is now central to the company’s turnaround efforts. GE Healthcare, which is based in Chicago and employs more than 50,000 people, makes magnetic resonance imaging machines and other hospital equipment. At the depths of …
Some Expected Larry Culp to Break Apart GE. Instead, He’s Trying to Fix It.
When Larry Culp gathered top General Electric Co. officers for a summit north of New York City last month, the chief executive had a message for them. He wasn’t going to dismantle their company. Now it had a new CEO, an outsider known for running his previous company as a collection of independent businesses orbiting …
GE Is New Target of Madoff Whistleblower
An accounting expert who raised red flags about Bernie Madoff ’s Ponzi scheme has a new target: General Electric Co. GE -7.64% In a research report posted online Thursday, Harry Markopolos alleges the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. The report, which numbers …
GE Is Touting Its Health-Care Business, but It Isn’t Helping the Stock
Industrial conglomerate General Electric hosted an investor “teach-in” in Chicago at a medical conference on Monday. The company reviewed its health-care franchise in a “post-biopharma” world. GE is selling its biopharma business to Danaher for $21 billion. Now investors have to evaluate the growth and margin potential of what is left. “GE Healthcare is a …