Shares of General Electric Company (GE) touched a new 52-week high of $28.68 during Friday's trading session, after the company said that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses.
As part of the execution of this new plan, GE announced an agreement to sell the bulk of the assets of GE Capital Real Estate to funds managed by The Blackstone Group L.P. (BX). Wells Fargo & Company (WFC) will acquire a portion of the performing loans at closing. GE also has letters of intent with other buyers for an additional $4 billion of commercial real estate assets. In total, these transactions are valued at approximately $26.5 billion.
Under the plan, GE expects that by 2018 more than 90% of its earnings will be generated by its high-return industrial businesses, up from 58% in 2014.
According to GE, there is potential to return more than $90 billion to investors in dividends, buyback and the Synchrony exchange through 2018. GE also said that the company's best days are ahead.
GE imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world.
More about General Electric Co. (GE) at www.ge.com
SemiLEDs Corporation (LEDS) delivered better than forecasted quarterly financial results, driven by new design wins and improved operating efficiency.
For its second quarter fiscal 2015, LEDS posted revenue of $4.6 million, a 56% increase compared to the previous quarter, while its non-GAAP net loss improved to ($2.5) million, or ($0.09) per diluted share, from a non-GAAP net loss of ($3.9) million, or ($0.14) per diluted share for the first quarter fiscal 2015.
According to LEDS, the company is looking forward to new design wins and developing key customers to bring the company closer to profitability.
LEDS develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial, industrial and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, horticulture, architectural lighting and entertainment lighting.
More about SemiLEDs Corporation (LEDS) at www.semileds.com
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included Atherton, CA ( www.atherton.crwe-pr.com ) into the CRWE Network.
Atherton is a small, rural, and residential community, with no industrial land-use base, located in San Mateo County, California. It is one of the wealthiest cities in the nation and is included in the San Francisco metropolitan area.
Atherton had an estimated population in 2013 (U.S. Census Bureau) of 7,159, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The CRWE-PR Business Directory portal ( www.BusinessDirectory.crwe-pr.com ) is the company’s business directory service that is available to all United States and Canada business in the public and private sector. It allows business owners and executives the ability to claim their business listings and provide more detailed information for their potential customers who visit the CRWE Network everyday.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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