General Electric Co acknowledged on Thursday that a cut in its top-tier credit rating was possible, but its chief financial officer said there was no time bomb hidden in its hefty finance arm.
Stocks slid on Thursday with the Dow and S&P falling to 12-year lows as General Motors' warning of possible bankruptcy and concerns about the banking system's fate reinforced investors' reluctance to take on risk.
Stocks slid on Thursday with the Dow and S&P falling to 12-year lows as General Motors' warning of possible bankruptcy and concerns about the banking system's fate reinforced investors' reluctance to take on risk.
A widely anticipated cut to General Electric Co's credit ratings would likely not take the U.S. conglomerate below the double-A level, bond experts and GE's chief financial officer said on Thursday.
Stocks extended their slide to 12-year lows on Thursday as General Motors' warning of possible bankruptcy and concerns about the fate of the banking system sped investors' flight from riskier assets.
General Electric Co acknowledged on Thursday that a cut in its top-tier credit rating was possible, but its chief financial officer said there was no time bomb hidden in its hefty finance arm.
U.S. stocks slid on Thursday, hit by a warning from General Motors about possible bankruptcy and persistent worries about major banks.
General Electric Co's gilt-edged triple-A credit rating could be in jeopardy, but concerns about the short-term liquidity of its finance arm are overdone, the U.S. conglomerate's chief financial officer said on Thursday.
Stocks headed for a sharp drop at Thursday's open, weighed down by General Motors' warning about its viability and caution about the outlook for major conglomerate General Electric .
General Electric Co's finance unit has no short-term liquidity issues, and speculation about its ability to maintain sufficient capital is overdone, the company's chief financial officer said.
Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.
General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as investors worried about a possible downgrade of GE's credit rating and how its finance arm would get through the recession.
Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.
Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.
General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by an investor lawsuit over a recent dividend cut.
BOSTON/CHICAGO - General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by an investor lawsuit over a recent dividend cut.
Stocks rallied on Wednesday as shares at 12-year lows lured investors to break a five-day sell-off and a jump in oil and other commodities boosted energy and natural resource companies.
General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by two investor lawsuits over a recent dividend cut.
General Electric Co's shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for the firm and its beleaguered finance unit was compounded by an investor lawsuit over a recent dividend cut.
General Electric Co's shares fell as much as 15 percent on Wednesday, touching their lowest point since 1991, and the cost of insuring GE Capital's debt hit a record high on anxiety about that unit.
General Electric Co's shares fell more than 15 percent on Wednesday, trading below $6 for the first time since 1991, as investors' anxiety about its hefty GE Capital arm continued to swirl.
General Electric Co's shares fell more than 15 percent on Wednesday, trading below $6 for the first time since 1991, as investors' anxiety about its hefty GE Capital arm continued to swirl.