General Electric’s renewable energy division has been chosen as the preferred turbine supplier for the third and final phase of an offshore wind farm that’s set to be the largest on the planet. According to an announcement from SSE Renewables on Friday, a 14 megawatt (MW) version of GE’s huge …
Read More »General Electric agrees to pay $200 million SEC fine for misleading investors
Larry Culp, CEO, General Electric Scott Mlyn | CNBC The Securities and Exchange Commission has fined General Electric $200 million to settle charges for misleading investors regarding its power and insurance businesses. The SEC said it found that GE misled investors in 2016 and 2017 about the source of profit …
Read More »Moderna, IHS Markit, Slack & more
Check out the companies making headlines before the bell: Moderna — Shares Moderna rose more than 11% in premarket trading after the drugmaker said new data confirms the vaccine is more than 94% effective in preventing Covid-19. Moderna plans to request emergency clearance from the Food and Drug Administration on Monday. …
Read More »World’s largest offshore wind farm seals $8 billion financing deal
Offices of the Norwegian energy major Equinor photographed in February 2019. Equinor, alongside SSE, is part of a 50:50 joint venture to develop the Dogger Bank Wind Farm. Bloomberg | Bloomberg | Getty Images A major offshore wind farm, set to be the largest on the planet, took another leap …
Read More »5 things to know before the stock market opens November 25, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to pause after record session Stocks looked to take a breather on Wednesday following a banner day on Wall Street. Dow Jones Industrial Average futures were down just 32 points, or …
Read More »Cramer unveils list of ‘return to normalcy’ stocks on vaccine optimism
After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks. “I think you have to buy a couple of these vaccine winners on any weakness, although when it comes …
Read More »GE health unit buys Swedish start-up Prismatic Sensors, bolstering key medical imaging business
Larry Culp, CEO, General Electric Scott Mlyn | CNBC GE Healthcare announced Friday it is acquiring Swedish start-up Prismatic Sensors AB, bolstering its key medical imaging business. Prismatic Sensors AB was founded in 2012 as a spin-off from KTH Royal Institute of Technology in Stockholm, Sweden. It makes detectors for …
Read More »