General Electric and 3 Dow Giants with Market Moving News This Week
Here’s your Cheat Sheet to the week in Dow 30 stock news:
General Electric Company (NYSE:GE): Current price $22.62
GE Capital, Healthcare Financial Services is serving as sole lender and administrative agent on $12 million in senior secured credit facilities for SIGA Technologies (NASDAQ:SIGA), which are comprised of a $5 million term loan and a $7 million revolving line of credit.
QIAGEN (NASDAQ:QGEN) said that Clarient, a GE Healthcare business, has adopted the use of the therascreen KRAS RGQ PCR Kit as a companion diagnostic to guide the use of Erbitux as a treatment in patients suffering from metastatic colorectal cancer. Clarient has a customer base in excess of 2,000 pathologists, oncologists, clinical laboratories and hospitals. It chose QIAGEN’s therascreen KRAS test and QIAGEN’s Rotor-Gene Q MDx instrument subsequent to FDA approval of the test in July 2012.
In Russia, GE Transportation, Locorail and Yakutia Railways have signed a Memorandum of Understanding through which to explore the formation of a strategic relationship to modernize diesel electric locomotives. The MOU creates a framework by which Yakutia Railways, under GE license, will modernize diesel electric locomotives at Yakutia Railways facility in Aldan, Russia employing GE FDL engine kits made at GE Transportation facilities in Erie and Grove City, Pennsylvania. Through the terms, GE Transportation will provide at least 20 FDL engine kits per year over five years.