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General Electric agrees to pay $1.5 billion civil penalty

CNBC's Dom Chu reports on the settlement reached between General Electric and the Department of Justice. General Electric agreed to pay a $1.5 billion penalty for allegations related to subprime lending unit.....»»

Category: realestateSource: cnbcApr 12th, 2019

GE to pay $1.5 billion fine over subprime mortgage misdeeds

General Electric will pay a civil penalty.....»»

Category: topSource: marketwatchApr 12th, 2019

GE Pays $2.7 Million Fine For Cuban Sanctions Violations

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) assessed the General Electric Co. (NYSE: GE) a $2.7 million civil penalty on Oct. read more.....»»

Category: blogSource: benzingaOct 2nd, 2019

GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages

General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. probe into defective subprime mortgages from its former WMC Mortgage unit prior to the 2008 global financial crisis......»»

Category: topSource: reutersApr 12th, 2019

GE to pay $1.5 billion civil fine over subprime mortgages

General Electric will pay a $1.5 billion civil fine to resolve a long-running U.S. investigation into defective subprime mortgages offered by its former WMC Mortgage unit prior to the 2008 global financial crisis......»»

Category: topSource: moneycentralApr 12th, 2019

GE to pay $1.5 billion U.S. civil fine over subprime mortgages

General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. investigation into defective subprime mortgages offered by its former WMC Mortgage unit prior to the 2008 global financial crisis......»»

Category: topSource: reutersApr 12th, 2019

GE Agrees to Sell Industrial-Engines Unit

General Electric agreed to sell a unit that makes large industrial engines to private-equity firm Advent International for $3.25 billion, a move that would bring in needed cash for the struggling conglomerate......»»

Category: smallbizSource: wsjJun 25th, 2018

Wells Fargo Agrees To Pay $2.09 BIllion Penalty For Mortgage Loan Abuses

The Justice Department announced that embattled Wells Fargo, which has seen its name feature in virtually every prominent banking scandal in the past year, will pay a civil penalty of $2.09 billion under the Financial Instit.....»»

Category: blogSource: zerohedgeAug 1st, 2018

More than 50 House Democrats have signed a letter supporting $8 billion to replace USPS trucks with electric vehicles: report

Postmaster General Louis DeJoy has told Cong.....»»

Category: dealsSource: nytMay 9th, 2021

: GE raised nearly $1 billion through sale of Baker Hughes stock

General Electric Co. disclosed Friday that it sold off more of the Baker Hughes Co. shares it owned, and likely raised nearly $1 billion......»»

Category: topSource: marketwatchApr 30th, 2021

GE posts lower sales, loss on restructuring moves

General Electric’s revenue fell 12% to $17.1 billion, reflecting a 28% decline in its aviation unit and a 9% drop in its healthcare unit after selling off part of the business......»»

Category: topSource: foxnewsApr 27th, 2021

Daily Mail shares climb 7% after 20% holding Cazoo agrees to buyout

Shares of the Daily Mail & General Trust ended 7% higher in London, after Cazoo agreed to be bought in a deal that gives the U.K. used car retailer a $7 billion valuation.....»»

Category: topSource: marketwatchMar 29th, 2021

GE confirms deal valued at $30 billion to combine GECAS with AerCap

Shares of General Electric Co. rallied 3.2% toward a three-year high in premarket trading Wednesday after the industrial conglomerate confirmed an agreement to combine its GE Capital Aviation Services (GECAS) air.....»»

Category: topSource: marketwatchMar 10th, 2021

: GE stock turns lower after confirming $30 billion AerCap deal, proposing reverse stock split

Shares of General Electric Co. dropped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split......»»

Category: topSource: marketwatchMar 10th, 2021

GE"s stock jumps toward 3-year high after WSJ report that deal to sell GECAS to AerCap is near

Shares of General Electric Co. surged 2.7% toward a three-year high in morning trading Monday, as the industrial conglomerate is close to a deal of more than $30 billion to combine its aircraft leasing business with Ireland-based.....»»

Category: topSource: marketwatchMar 8th, 2021

General Electric surges after earnings show strong cash flow and improving profitability

GE stock got a boost from the company's strong industrial free cash flow figures of $4.4 billion and improving profit margin in the fourth quar.....»»

Category: worldSource: nytJan 26th, 2021

Robinhood agrees to $65 million civil penalty to resolve SEC charges

Federal regulators accused the popular trading app of misleading investors about how it makes money......»»

Category: topSource: washpostDec 17th, 2020

Sinclair agrees to pay record-setting $48 million FCC civil penalty

Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Commission (FCC) resolving the probe into the company's abandoned deal to buy Tribune Media in what the agency said was its largest-ever civil penalty......»»

Category: topSource: reutersMay 6th, 2020

GE warns of more pain as pandemic deals $1B cash hit

General Electric said Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months......»»

Category: topSource: moneycentralApr 29th, 2020

GE warns of more pain as pandemic deals $1B cash hit

General Electric said Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months......»»

Category: topSource: moneycentralApr 29th, 2020

GE enters into $15 billion loan agreement

General Electric Co entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday......»»

Category: topSource: reutersApr 20th, 2020