The following is a round-up of news likely to affect stock prices today:

General Electric Co. (GE) says its first-quarter earnings fell 30% to $1.9 billion, or 17 cents per share, due to lower profits in its big industrial divisions and ongoing struggles at GE Capital. The results still beat Wall Street expectations and CEO Jeff Immelt says the company sees "potential for upside" to 2010 results....

Continue reading Stocks in the News: GE, Bank of America, Google, Oracle

Stocks in the News: GE, Bank of America, Google, Oracle originally appeared on DailyFinance on Fri, 16 Apr 2010 07:54:00.

Filed Under: Company News, Investing, Google , Mattel, Microsoft, Oracle, Pfizer, Sony, Bank of America, Ericsson, MetLife

Sure, Lehman's accounting gimmicks played a role in its downfall, but the star of the show was a business strategy the left prudence behind in an all-out pursuit of risk and reward. Too bad risk won out.

Continue reading Lehman Report: The Business Decisions That Brought Lehman Down

Lehman Report: The Business Decisions That Brought Lehman Down originally appeared on DailyFinance on Sun, 14 Mar 2010 20:50:00.

Filed Under: Company News, Columns, Economy, Investing

The sale allows MetLife to expand into Japan, Europe and the Middle East, helps AIG continue its radical restructuring -- and lets the U.S. government recoup some more of the $130 billion in bailout funds it fronted to AIG. Investors seem to like the transaction, too.

Continue reading AIG's Deal to Sell Alico to MetLife Could Be a Win-Win-Win

AIG's Deal to Sell Alico to MetLife Could Be a Win-Win-Win originally appeared on DailyFinance on Mon, 08 Mar 2010 11:32:00.

Filed Under: Company News, American International Group, INC., Insurance, MetLife

Shares of AIG are on the move Monday after the insurer agreed to sell its Alico unit to MetLife for $15.5 billion. The deal is AIG's second major asset sale this month as it attempts to whittle down its bailout tab. Click inside to see what other news is influencing Wall Street today.

Continue reading Stocks in the News: AIG, Hewlett-Packard, McDonald's

Stocks in the News: AIG, Hewlett-Packard, McDonald's originally appeared on DailyFinance on Mon, 08 Mar 2010 07:43:00.

Filed Under: Company News, Investing, Hewlett-Packard, Ford Motor Co., Kraft Foods, Apple, American International Group, INC., McDonald's, Toyota, Yahoo, Astrazeneca, MetLife

Taxpayer-controlled AIG took a big step in an effort to reduce its bailout debt, announcing that it would sell its Asian life insurance business to British insurer Prudential Plc. for $35.5 billion. The news gave stocks a boost Monday.

Continue reading AIG to Sell Asia Business for $35.5 Billion to Help Pay Down Bailout Tab

AIG to Sell Asia Business for $35.5 Billion to Help Pay Down Bailout Tab originally appeared on DailyFinance on Mon, 01 Mar 2010 08:20:00.

Filed Under: Company News, American International Group, INC., Insurance, Currency

MetLife (MET) may buy AIG's American Life Insurance Co. (Alico) for $14 to $15 billion, according to a report in The Wall Street Journal. If the deal goes through, $9 billion would be used to pay back the Federal Reserve Bank of New York, which largely orchestrated the government's $182.3 billion bailout of AIG (AIG).

Continue reading MetLife May Buy AIG's Alico Unit

MetLife May Buy AIG's Alico Unit originally appeared on DailyFinance on Wed, 20 Jan 2010 12:00:00.

Filed Under: Company News, Investing, American International Group, INC., Insurance