France wants state-controlled nuclear group Areva to take over Alstom’s offshore wind turbine unit if General Electric Company (NYSE:GE)’s bid for Alstom succeeds, a French paper reported on Friday. Areva and Alstom both produce offshore wind turbines and are part of different consortia to build 3,000 megawatts of wind power off the French coast in coming years. General Electric made a $16.9 billion offer for Alstom’s energy division last week. The U.S. firm’s CEO has said in a letter to French President Francois Hollande that he would be willing to sell Alstom’s wind turbine activities to French investors if General Electric Company (NYSE:GE) winds the bid. General Electric Company (NYSE:GE) net profit margin is 8.60% and weekly performance is -0.97%. On last trading day company shares ended up $26.42. Analysts mean target price for the company is $29.00. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is 1.72%.
Danaher Corporation (NYSE:DHR) announced a quarterly dividend. Stockholders of record on Friday, June 27th will be paid a dividend of 0.10 per share on Friday, July 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, June 25th. Danaher Corporation (NYSE:DHR) shares advanced 1.04% in last trading session and ended the day on $74.03. DHR Gross Margin is 52.20% and its return on assets is 7.60%. Danaher Corporation (NYSE:DHR) quarterly performance is -1.32%.
Diversified Machinery company, Ingersoll-Rand PLC (NYSE:IR) is engaged in designing, manufacturing, marketing and servicing a portfolio of industrial and commercial products through its Climate segment and Industrial segment. Yesterday the stock closed at $58.73, gaining 0.15% from its previous close. Its 52 week range is of $53.39 and $71.75. The stock has traded almost 5% down, year to date. Ingersoll-Rand PLC (NYSE:IR) shares moved down -1.24% in last trading session and was closed at $22.01, while trading in range of $57.78 – $58.88. Ingersoll-Rand PLC (NYSE:IR) year to date (YTD) performance is -5.17%.
Polypore International Inc. (NYSE:PPO) jumped 14.98% to $39.92 after the company announced a long-term supply agreement with Panasonic, a buyback of 10% of outstanding shares, and posted Q1 EPS that were slightly below Wall Street expectations. Polypore International, Inc. (NYSE:PPO) ended the last trading day at $39.92. Company weekly volatility is calculated as 4.60% and price to cash ratio as 11.01. Polypore International, Inc. (NYSE:PPO) showed a positive weekly performance of 14.42%.
The course of action to modernize the process for Kansas’ vehicle title and registration and driver licensing systems is being rerouted. The Kansas Department of Revenue informed county treasurers Thursday that, “KDOR has decided to bring our contract with 3M (NYSE:MMM) to conclusion and complete the modernization work ourselves,” as written in an email by Lisa Kaspar, the Director of Vehicles. 3M Co (NYSE:MMM) net profit margin is 15.20% and weekly performance is 0.87%. On last trading day company shares ended up $141.34. Analysts mean target price for the company is $144.99. 3M Co (NYSE:MMM) distance from 50-day simple moving average (SMA50) is 4.50%.