General Electric Company (NYSE:GE)’s CEO Jeffrey Immelt comes ahead to support its Alstom Case presented ahead of the French lawmakers. He made an appearance before France’s National Assembly to explain its stance on Alstom case. The CEO said that the $17 billion bid to acquire Alstom SA’s energy assets will help to protect jobs and the industrial base of the nation. The deal will provide the company with an opportunity to create the technology as per the need of time. General Electric Company (NYSE:GE) net profit margin is 8.60% and weekly performance is 1.37%. On last trading day company shares ended up $26.66. Analysts mean target price for the company is $28.90. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is 1.78%.
On 13 MAY Danaher Corporation (NYSE:DHR) announced that their existing President and CEO, H. Lawrence Culp Jr. would be retiring on March 1, 2015. This all important position will be replaced by Thomas P. Joyce Jr., the present Executive Vice President. However, Mr. Culp would continue to serve the company in an advisory role for at least an additional year. Danaher Corporation (NYSE:DHR) shares advanced 0.04% in last trading session and ended the day on $78.68. DHR Gross Margin is 52.20% and its return on assets is 7.60%. Danaher Corporation (NYSE:DHR) quarterly performance is 2.55%.
Honeywell International Inc. (NYSE:HON) declared a quarterly dividend, which is scheduled for Tuesday, June 10th. This represents a $1.80 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, May 20th. Honeywell International Inc. (NYSE:HON) shares moved up 0.16% in last trading session and was closed at $92.51, while trading in range of $92.26 – $92.89. Honeywell International Inc. (NYSE:HON) year to date (YTD) performance is 2.23%.
On 21 MAY China Ming Yang Wind Power Group Ltd (NYSE:MY) announced its unaudited financial results for the first quarter ended March 31, 2014. Total revenue was RMB1, 224.0 million (US$196.9 million), an increase of 52.0% compared to RMB805.4 million in Q1 2013. Gross profit was RMB192.0 million (US$30.9 million), compared to RMB89.7 million in Q1 2013. Gross margin was 15.7%, an increase of 4.6 percentage points compared to 11.1% in Q1 2013. Total comprehensive income was RMB185.8 million (US$29.9 million), compared to that of RMB4.5 million in Q1 2013. Total comprehensive income for the period excluding the one-off gain on loss of control of subsidiaries was RMB61.3 million (US$9.9 million). China Ming Yang Wind Power Group Ltd (NYSE:MY) ended the last trading day at $3.16. Company weekly volatility is calculated as 13.32% and price to cash ratio as 2.28. China Ming Yang Wind Power Group Ltd (NYSE:MY) showed a positive weekly performance of 18.80%.
On 20 MAY ABB Ltd (ADR) (NYSE:ABB) announced that it was ranked seventh as a new entry on Interbrand’s annual list of the most valuable Swiss brands, making it the most valuable B2B business brand in Switzerland. According to Interbrand, B2B brand has been included to the list for the first time, which recognizes its importance to the Swiss economy. Michael Gabriel, Managing Director of Interbrand Zurich, said that the role of brands in the B2B sector has increased continuously in the last few years as many companies have recognized the importance of branding to give them a competitive edge over the long term in highly competitive global industries. ABB Ltd (ADR) (NYSE:ABB) net profit margin is 6.70% and weekly performance is 0.72%. On last trading day company shares ended up $23.75. Analysts mean target price for the company is $24.34. ABB Ltd (ADR) (NYSE:ABB) distance from 50-day simple moving average (SMA50) is -2.14%.