General Electric Company (NYSE:GE) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.40% to close at $30.00 with the total traded volume of 23.35 Million shares. General Electric Company (GE) and Baker Hughes Incorporated (BHI) reported that companies have each received a request for additional information from the United States Department of Justice in connection with the pending combination of GE’s oil and gas business with Baker Hughes.
The second requests were issued under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. GE and Baker Hughes have been working cooperatively with the DOJ as it conducts its review of the transaction. The second requests were expected and are a normal part of the DOJ review process.
The effect of the second requests is to extend the waiting period imposed by the HSR Act until 30 days after GE and Baker Hughes have substantially complied with the requests, unless that period is extended voluntarily by the parties or terminated sooner by the DOJ. The transaction remains subject to approval by Baker Hughes’ shareholders and other approvals, as well as customary closing conditions. GE and Baker Hughes expect the transaction to close in mid-2017. The firm has institutional ownership of 56.50%, while insider ownership included 0.05%. Its price to sales ratio ended at 2.12. GE attains analyst recommendation of 2.10 with week’s performance of 0.20%.
Amazon.com, Inc. (NASDAQ:AMZN) [Trend Analysis] moved down reacts as active mover, shares a loss -0.38% to traded at $846.61 and the percentage gap between open changing to regular change was -0.55%. E-commerce platform Amazon and Lionsgate on Friday reported a long-term exclusive deal that will make subscription-based streaming service Prime Video India home for all the projects by the leading Hollywood studio.
With this deal, Prime Video will be the exclusive subscription streaming home in India for “La La Land”, which won six Oscars this year, along with films including “Deepwater Horizon” and “The Divergent Series: Allegiant”, read a statement from Amazon Prime Video India. Apart from that, upcoming 2017 releases – “Power Rangers” and “The Shack” – will also be accessible only to Prime members, and will not be accessible on satellite or pay television. “It is awesome that Lionsgate has partnered with Amazon Prime Video to bring its original, daring and highly acclaimed content to Indian consumers,” said Nitesh Kripalani, Director and Country Head, Amazon Prime Video India.
The firm’s current ratio calculated as 1.00 for the most recent quarter. The firm past twelve months price to sales ratio was 2.97 and price to cash ratio remained 15.53. As far as the returns are concern, the return on equity was recorded as 13.90% and return on investment was 8.00% while its return on asset stayed at 3.40%. The firm has total debt to equity ratio measured as 0.40.