Replies to post #269 on VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

[Pro-Life]

Japan’s Third Nuclear Reactor Restart Coming Closer
Wednesday May 20, 2015, 3:45pm PDT
By Kristen Moran+ - Exclusive to Uranium Investing News

http://uraniuminvestingnews.com/21960/japan-nuclear-regulation-authority-shikoku-electric-power-ikata-3.html

More big news out of Japan hit the uranium space on Wednesday when the country’s Nuclear Regulation Authority (NRA) vouched for the safety of Shikoku Electric Power Company’s (TSE:9507) Ikata 3 reactor.

The safety stamp of approval is just one of three steps required before the NRA gives final approval for the reactor to restart, but it’s definitely a move in the right direction. Ikata 3 is located at Shikoku Electric’s Ikata nuclear power plant, and is only the fifth reactor across three power plants that has gained safety approval from the NRA.

Click the link above for the full story...

[3xBuBu]

GE sells finance business to Wells Fargo
General Electric said Tuesday it was selling a portion of its global finance services business to Wells Fargo as it continued the dismantling of its GE Capital unit announced a few months ago.

No details were provided on the financial terms of the deal, which will allow GE to shed assets valued at $32 billion and roughly 3,000 employees.

http://latino.foxnews.com/latino/news/2015/10/13/ge-sells-finance-business-to-wells-fargo/

[3xBuBu]

GE beats Wall Street forecasts as it refocuses on industry
General Electric Co. on Friday reported a decline in third-quarter profit, but strong performances from its core units helped the company top Wall Street expectations.

General Electric has been making a push to focus on industrial businesses — making large, complicated equipment for other companies — and shrinking its other businesses that focus on finance. The largest change involves selling most of GE Capital's assets, including $26.5 billion in real estate assets.

The Fairfield, Conn., company said profit fell 29% to $2.5 billion, or 25 cents a share. Revenue fell 1% to $31.7 billion.

Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 32 cents a share. Earnings including the GE Capital businesses that the company is keeping amounted to 29 cents a share. That topped Wall Street expectations with the average estimate of 11 analysts surveyed by Zacks Investment Research for earnings of 26 cents a share.

http://www.latimes.com/business/la-fi-ge-earnings-20151017-story.html

[3xBuBu]

GE Completes $10.6 Billion Acquisition Alstom Division

Fairfield, Connecticut-based GE said the closing on the sale comes after regulatory approvals from more than 20 countries and regions. The European Union approved the takeover in September after an eight-month investigation into whether it would distort the European market.

GE Power and Water division officials said they will take advantage of complementary strengths in technology and global capability, and also will be able to make purchases more efficiently.

Steve Bolze, who heads Power and Water, told reporters at division headquarters in Schenectady that GE will be poised to take advantage of the world's growing energy needs.

"We've added now 35,000 employees to our business," Bolze said. "It's 65,000, and we're ready to step forward."

http://abcnews.go.com/US/wireStory/ge-completes-106-billion-acquisition-alstom-division-34914895

[3xBuBu]

General Electric Co. is cutting up to 6,500 jobs in Europe after buying a big chunk of French engineering company Alstom, but sticking to pledges to create a net 1,000 jobs in France.

The French government, facing chronic 10 percent unemployment and a struggling industrial sector, had been concerned that the $17 billion Alstom takeover deal in 2014 would cause layoffs. To ease those concerns, GE promised to create jobs instead of destroying them.

In fact, it's doing both. GE France spokesman Laurent Wormser said that 756 of the 6,500 job losses in Europe will hit its French operations, primarily administrative jobs in the Paris region.

But they will be replaced with jobs in other sectors of the French operations, which employ 14,000 people, he said.

http://www.foxnews.com/world/2016/01/13/ge-cutting-thousands-european-jobs-after-takeover-deal.html

[3xBuBu]

General Electric Will Move Headquarters to Boston
GE has been headquartered in Fairfield, Conn.

The conglomerate has been weighing a move out of Connecticut since the summer, when lawmakers passed a budget that included $1.2 billion in tax increases despite protests from some of the state's biggest corporations. In earlier 2015 comments, Immelt claimed GE's state taxes had increased five times since 2011.

At last tally, GE employed about 5,700 people in the state of Connecticut, with about 800 people in its Fairfield headquarters.

GE already has a number of businesses with offices in the Boston area, including life sciences, jet engines and a new lighting business called Current headquartered in Boston.

http://www.cnbc.com/2016/01/13/general-electric-to-select-boston-as-new-global-headquarters-report.html

[3xBuBu]

GE to sell appliances business to China's Haier for $5.4 billion
General Electric Co said it would sell its appliance business to China's Haier Group for $5.4 billion in cash, another step in its push to sell its non-core assets and project itself as a technology company.

The deal comes weeks after GE walked away from a deal to sell the business to Sweden's Electrolux for $3.3 billion, following months of opposition from U.S. antitrust regulators.

GE said the deal values the appliance business at 10 times last 12 months earnings before interest, taxes, depreciation, and amortization (EBITDA). Whirlpool Corp is valued at 7.7 times.

GE shares fell 2.3 percent in premarket trading.
http://www.reuters.com/article/ge-ma-qingdao-haier-idUSL3N14Z2ZQ