Boston, MA 02/04/2014 (wallstreetpr) – General Electric Company (NYSE:GE) seems to be getting back to its industrial roots through strategies that are helping it perform exemplary well in the current harsh market conditions. The growth of its industrial business by 5% clearly indicate that it is a stock worth the buy for future profitable returns on investments. The company posted some of the best earnings in the quarter ending with net earnings totaling $4.1 billion the quarterly earnings stood at the $40.38 billion mark an increment of 3%. With the expected IPO which is expected to be the biggest second to Facebook nearing the company’s fortunes can only get better.
GE partnership with Chevron
The future can only get better with General Electric Company (NYSE:GE) having entered a pact agreement with Chevron for the development and commercialization of oil and gas technology at their newly refurbished research Centre in Oklahoma. The two company intend to devote investment capital for the advancement of oil production and refining. The collaborative agreement will be known as Chevron GE Technology alliance. The partnership has already seen end results with the development of meter products that Chevron is currently testing in its wells in Western US.
GE IPO
Positive news sure to positively impact General Electric Company (NYSE:GE) stock continue to trickle in with recent revelations indicating GE could be planning for one of the biggest IPO in the industry. The IPO will apparently result in up to $4B worth of cash that will be sufficient to improve the company’s cash balance. The IPO will involve the spinning of 20% of North America retail business. The company is opting to do away with banking business which have turned out to be unpredictable in the market in the resent past especially after the economic crisis of 2008.
General Electric Company (NYSE:GE) closed business on Monday at a low of $24.35 a drop of 3.10%
