Virgin Galactic Soars Ahead of Weekend Test Flight, But These Two Investors Have a Warning nbcmiami.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcmiami.com Daily Mail and Mail on Sunday newspapers.
By Keris Lahiff, CNBC •
Updated on March 12, 2021 at 7:42 am
Vincent Kessler | Reuters
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The industrial conglomerate announced Wednesday it would merge its aircraft leasing unit with Irish company AerCap in a deal worth $30 billion, the latest move to streamline the company and unload debt from its balance sheet.
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In an interview with CNBC, CEO Larry Culp said: GE shareholders should be delighted with this transaction. With a $30 billion headline, what we re able to do here is bring cash in … which will allow us to put that toward additional debt reduction.
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Coca-Cola Co (NYSE: KO) saw its shares hit a new 52-week high Tuesday in reaction to its second-quarter results but the stock still has a lot more room to run, says CNBC s Jim Cramer.
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