Orlando, FL -- (SBWIRE) -- 09/05/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On General Electric Company(NYSE:GE), Boston Scientific Corporation (NYSE:BSX).
General Electric Company(NYSE:GE) shares increased 0.48% to $23.17. The company on August 30 is reportedly plotting to exit the retail banking business by spinning off GE Capital, the conglomerate's massive financial arm that caused serious angst during the Wall Street crisis. The move highlights the end of the credit boom as well as GE’s efforts to leave itself less exposed to the banking business following the scary 2008 financial meltdown.
According to The Wall Street Journal, GE has hired bankers from JP Morgan Chase (JPM) and Goldman Sachs (GS) to work on a possible initial public offering of GE Capital.
Moreover, the company on August 27 said a partnership with China XD Electric Co. (601179) will help double sales of power transmission products and services in its digital energy business to $4 billion annually in the next decade. GE’s 3.38 billion yuan ($552.2 million) purchase of a 15 percent stake in XD Electric, a power equipment maker, was completed today, 15 months after it was announced, according to a statement. GE and China XD also agreed to form a joint venture to sell grid-automation equipment in China, the companies said.
Are investors worried about the recent updates with GE? Find out with a free trend analysis HERE
Boston Scientific Corporation (NYSE:BSX) shares gained 0.28% to $10.93. The company is scheduled to participate in the 2013 Stifel Nicolaus Healthcare Conference on Sept. 11 in Boston. Jeff Capello, executive vice president and chief financial officer, will participate in a 30-minute question and answer session regarding the company beginning at approximately 8 a.m. ET.
Additionally, the company on August 13 completed a public offering of $1.05 billion aggregate principal amount of its senior notes under the company's shelf registration statement. The public offering consists of $600 million of 2.650% notes due October 1, 2018 and $450 million of 4.125% notes due October 1, 2023.
Is BSX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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