- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
General Electric Company (NYSE:GE) would like to grow its revenues from its mining-equipment and services business from $2 billion to $5 billion “within a few years”, according to GE Mining Chief Executive Geoff Knox, who says that “It is a good a time to be looking at acquisitions in a value sense.” Just as with its oil and gas operations, the company intends to expand GE Mining through purchases, even as mining firms such as BHP Billiton Limited (NYSE:BHP) have been reducing investment while commodity prices decline.
Don’t Miss: Will it Soon Rain Dividends on Shareholders?
BAE Systems (BAESY.PK) threatens to abandon its proposed €35 billion merger with European Aeronautics (EADSY.PK) if it becomes necessary to modify its Special Security Arrangement with the United States to “look more like that of EADS,” which is stricter, according to The Financial Times. A potential problem is that the U.S. might not permit BAE to retain its arrangement should France and Germany keep their investments in the new company. Currently, the deal has allowed BAE to become the Defense Department’s’s most trusted overseas supplier. In the meantime, Reuters has learned that Germany has reservations regarding the merger, such as guarantees for the future location of factories as being unreliable, which prompts worries about possible job losses.
French oil and gas services company CGGVeritas (NYSE:CGV) will acquire the seismic data division of the Dutch engineering company Fugro for around $1.5 billion. The buyer reports that the deal would increase its access to oil and gas sites in Australia and Western Europe along with access to Fugro’s seismic data unit employing ships to locate potential new resource regions.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.