Tuesday , October 22 2019
Home / senegal / ZOM General Electric flies from Wall Street

ZOM General Electric flies from Wall Street



NEW YORK (APEP / AFP) – General Electric (GE) left for Wall Street on Thursday after announcing a $ 1.5 billion deal with US authorities to resolve the credit dispute real estate "mortgage."

Shares traded at $ 10.38, around 16X05 GMT, which is 14.07%. It took about 20% from January 1 to Wednesday night, much more than Standard & Poor's wider index, which rose 11% over the same period.

This stock growth comes after the black year 2018: it really fell 57% and was dropped from the Dow Jones Index. The group's market capitalization dropped from 151.8 billion on December 31, 2017 to about $ 66 billion a year later.

The former industrial conglomerate has reached an agreement in principle with the US Department of Justice (DS) to investigate the mortgage company WMC, according to an announcement released on Thursday.

This agreement includes the payment of a $ 1.5 billion fine, the group said in a statement, the amount that Mr James expected, which has already recorded an equivalent billing for the first quarter of 2018 in terms of compromise.

WMC was acquired in 2004 by GE Capital Corp., a financial arm of GE, and was resold three years later after the early signs of a crisis with a crisis.

Investors seem eased to see that GE will now focus on its recovery, while its energy division (Alstom) continues to show disappointment.

"Stabilizing the energy branch will take time, but we are making progress," Larry Calp, chief executive officer in an emergency in October, said on Thursday.

here it is / alb / VED


Source link