General Electric Company (NYSE:GE) plan to exit the retail finance business seems to be heating up after its credit card unit filed up for an initial public offering. The plans had been announced back in November, as GE plans to spin off the business that is value to be worth between $16 billion and $18 billion. General Electric Company (NYSE:GE) stock opened at $26.00 in last session, and closed at $25.34, while the day range of GE stock is $25.20-$26.00.The stock showed a negative weekly performance of -3.36%.
Capstone Turbine Corporation (NASDAQ:CPST) has set clear goals for fiscal 2014. The Capstone Turbine Corporation is looking to increase its revenue and complete the year with positive earnings. The management believes that these are possible and indeed, there are signs that entering profitability is now real than ever before for the company. Capstone Turbine Corporation (NASDAQ:CPST) stock opened at $2.37, in last session and closed at $2.20, by loosed -5.17%.The 52 week range was $0.82-$2.48.Company’s market capitalization is $682.28 million.
Mexican Cement manufacturing firm Cemex SAB de CV (ADR) (NYSE:CX) has disclosed that its board of directors has decided to convert “Convertible Subordinated Notes” which are being held by institutional investors and who’s principal adds up to $280 million with a 2015 due date into American Depository Shares which will equate to around 27.6 million shares in number. In lieu of the exchange, the cement firm is not paying out any additional cash to the holders of these notes. Cemex SAB de CV (ADR) (NYSE:CX) stock loosed -1.68% and finished the last session at $12.31. The EPS of the stock remained -0.71. Company’s market capitalization is $14.06 billion.
Caterpillar Inc. (NYSE:CAT) vice President of Finance Services Julie Lagacy and Director of Investor Relations Rich Moore will speak at the J.P. Morgan Aviation, Transportation and Industrials Conference on Tuesday, March 11, 2014. They are scheduled to speak at 4:15 p.m. Eastern Time. Caterpillar Inc. (NYSE:CAT) stock opened the session at $97.20, and closed the session at $95.61.The 52 week range of the CAT stock remained $79.49-$98.24 and the day range was $95.06-$97.73.