GE Capital, Corporate Finance, an operating unit of General Electric Company (NYSE:GE), recently served as an administrative agent for a senior secured credit facility worth $75 million for consumer goods manufacturer JAKKS Pacific, Inc. The debt financing will be utilized by JAKKS for its working capital requirements to fuel further growth. General Electric Company (NYSE:GE) shares after opening at $26.02on last trade day and at the end of the day closed at $25.89. Company price to sales ratio in past twelve months was calculated as 1.78 and price to cash ratio as 2.93. General Electric Company (NYSE:GE) showed a positive weekly performance of 1.89%.
Caterpillar Inc. (NYSE:CAT) a U.S. manufacturer of construction equipment, has avoided paying $2.4 billion in taxes by shifting billions of dollars in profits to a wholly owned Swiss affiliate, a new report from Sen. Carl Levin, chairman of the U.S. Senate Permanent Subcommittee on Investigation, says. Caterpillar Inc. (NYSE:CAT) shares fell -0.02% in last trading session and ended the day on $99.37. CAT return on equity ratio is recorded as 20.30% and its return on assets is 4.40%. Caterpillar Inc. (NYSE:CAT) yearly performance is 17.50%.
Credit Suisse Group AG (ADR) (NYSE:CS) opened investigation into several Swiss, British and U.S. banks over potential collusion to manipulate foreign exchange rates – Reuters.WEKO is investigating UBS, Credit Suisse , Zuercher Kantonalbank (ZKB), Julius Baer, JP Morgan, Citigroup, Barclays and Royal Bank of Scotland.WEKO says there is evidence that these banks colluded to manipulate exchange rates in foreign currency trades.Credit Suisse comments it was not subject of preliminary investigation carried out by competition commission into various banks.Says WEKO’s press release contained incorrect references to Credit Suisse AG and these allegations were inappropriate and harmful to its reputation. Credit Suisse Group AG (ADR) (NYSE:CS) shares moved up 2.05% in last trading session and was closed at $32.38, while trading in range of $32.31 – $32.59. Credit Suisse Group AG (ADR) (NYSE:CS) year to date (YTD) performance is 4.32%.
D.R. Horton (NYSE:DHI) CFO Bill Wheat unloaded 41,000 shares of D.R. Horton stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $25.00, for a total value of $1,025,000.00. Following the completion of the sale, the chief financial officer now directly owns 37,795 shares of the company’s stock, valued at approximately $944,875. D.R. Horton, Inc. (NYSE:DHI) weekly performance is 1.83%. On last trading day company shares ended up $21.65. D.R. Horton, Inc. (NYSE:DHI) distance from 50-day simple moving average (SMA50) is 757%. Analysts mean target price for the company is $24.97.
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