Today to just about 29 a share, easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profit targets for the year, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony thi
Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in and retirementds plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks performance over the past decade. Shares of ge down about 20 . The s p 500 has gained a little more than 60 . Today shares of ge rose more than 5 on word of that trian stake. Harry thompson has more on this big investment by a very big and influential investor. Reporter in a first for General Electric the 1 123yearold company is targeted by an activist investor in the midst of ceo jeff immelts major
Easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profiul targets for the yea, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony this month a move that will let it
And the s p 500 added 35 points. Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in many mutual funds and Retirement Plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks performance over the past decade. Shares of ge down about 20 . The s p 500 has gained a little more than 60 . Today shares of ge rose more than 5 on word of that trian stake. Harry thompson has more on this big investment by a very big and influential investor. Reporter in a first for General Electric the 1 123yearold company is targeted by an activis
The nasdaq was up 73. And the s p 500 added 35 points. Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in many mutual funds and Retirement Plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks performance over the past decade. Shares of ge down about 20 . The s p 500 has gained a little more than 60 . Today shares of ge rose more than 5 on word of that trian stake. Harry thompson has more on this big investment by a very big and influential investor. Reporter in a first for General Electric the 1 123yearold company is