Matt Collins

GE Falls as Sales Forecast Cut on Shrinking Finance Unit

General Electric Co. fell the most in almost a year after cutting its 2012 sales target amid lower finance-unit revenue and reporting weaker third-quarter demand for some industrial equipment.

UPS Increases Dividend 11%, Projecting Strong 2011 Cash Flow

United Parcel Service Inc. raised its dividend by 11 percent today, predicting strong cash flow and signaling confidence in the economic recovery’s strength.

Boeing 2012 Profit Forecast Is Smaller Than Estimates on Pensions, Defense

Boeing Co. forecast a smaller 2012 profit than analysts estimated, dragged down by rising pension expenses and declining U.S. defense spending, as the planemaker works to boost commercial production to a record.

GE Rises as Finance Joins Energy to Fuel Earnings Growth

General Electric Co. rose after gains in energy, its biggest industrial business, and finance fueled higher earnings than analysts estimated.

Detroit Big Three Profits Surge While Shares Decline

Home was where the hemorrhaging happened three years ago when two Detroit automakers headed for bankruptcy and a third suffered record losses. Now North America has become a money machine for the Detroit Three, which earned $4.5 billion there in the first quarter on surging U.S. sales.

GE $1 Billion Nuclear Unit at Risk as Nations Mull Atomic Future

General Electric Co. ’s goal of broadening its $1 billion nuclear service-and-parts business with sales of new reactors risks stalling as world leaders reconsider the future of atomic energy.

GM First-Quarter Profit Falls as Losses in Europe Widen

General Motors Co., the world’s largest automaker, said first-quarter profit slid 61 percent on widening losses in Europe.

GE Profit Beats Estimates as Finance Unit Blunts Energy-Profit Drop

General Electric Co. posted second- quarter earnings that beat analysts’ estimates, buoyed by its finance unit, as the industrial order backlog rose to a record.

UPS to Purchase TNT Express for $6.8 Billion

United Parcel Service Inc. agreed to buy TNT Express NV with a sweetened bid of 5.16 billion euros ($6.8 billion), the biggest purchase in the U.S. company’s 105- year history, to challenge Deutsche Post AG in Europe.

"The industrial profit improvement was well telegraphed."

- Matt Collins on Oct 19, 2012

New York

Europe

Edward Jones

Jeffrey Immelt

S&P 500 Futures Rise With Stocks as Yen, Treasuries Fall

Asia Stocks Drop, Extend Global Rout, on Stimulus Concern

Turkish Police Retake Square Amid Clashes

Jiroemon Kimura, Oldest Man in History, Dies at 116

Greece First Developed Market Cut to Emerging at MSCI