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GE Aviation ready to look at acquisitions, eye on systems

07:30pm, Monday, 15'th Nov 2021 FXNews24
Adds quotes, details DUBAI, Nov 15 (Reuters) GE Aviation is ready to look at acquisitions if needed to bring in complementary technologies capable of shaping the future of flight, without waiting for a planned break-up of its parent General Electric GE.N, its top executive said on Monday. (If there is) alignment with our strategic [] The post GE Aviation ready to look at acquisitions, eye on systems appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
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Chesley Taft & Associates LLC decreased its stake in shares of General Electric (NYSE:GE) by 83.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,938 shares of the conglomerates stock after selling 65,731 shares during the quarter. Chesley Taft & Associates LLCs holdings in General Electric were worth $1,333,000 as of its most []
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Credit Suisse Betting on a Swiss Rescue

04:54am, Monday, 15'th Nov 2021 Finews Asia
Chairman António Horta-Osório cleans up Credit Suisse under the new strategy while major investors call for significant divestments. At the recent Credit Suisse investor day in London, António Horta-Osório (image below) was extensively criticized for doing little more than shifting the business emphasis of Switzerland''s second-largest bank from one area to another. He was also heavily questioned for not providing more clarity on the bank''s leadership under the new strategy. The market did not take the news particularly well, pushing the bank''s share price down 5 percent. But a well-connected investment banker asked by finews.asia had a far more receptive take on the chairman''s actions. Reasonable Effort Horta-Osório did what he reasonably could with what he was given, the banker said. He was cutting the investment bank''s risk profile and shifting capital into areas that generate stable earnings. He also welcomed the efforts to improve risk management and change the bank''s culture from the inside. «Horta-Osório is cleaning house», the dealmaker summed up.

Japanese giant Toshiba to break up into three companies

10:46pm, Sunday, 14'th Nov 2021 Big News Network
TOKYO, Japan: Toshiba Corporation announced on November 12 that it will divide its business into three entities, a conciliatory move aimed at placating shareholders seeking a major revamp of the company following several scandals. An uncommon step in a nation where corporations reign supreme, news of the Tokyo-headquartered company being divided came to light within days of American manufacturer General Electric
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