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.
United Parcel Service Inc. raised its dividend by 11 percent today, predicting strong cash flow and signaling confidence in the economic recovery’s strength.
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.
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.
"The industrial profit improvement was well telegraphed."
- Matt Collins on Oct 19, 2012