Published On: Thu, Aug 14th, 2014

6 Stocks in the News: General Electric, UPS, FedEx, Carlyle Group, Cisco and Intel

stocks

General Electric (GE) wants to sell of its legendary home appliances unit to focus more on its industrial segment. It might have a buyer in Sweden’s Electrolux and Quirky, which along with a private equity group, may purchase the segment for $2 billion.

UPS (UPS) and FedEx (FDX) are expanding into China and made a game-changing move to expand shipping services there without needing additional licenses. Since 2009, Chinese laws have blocked this kind of access to delivery services to foreign companies, and this means a major win for FDX and UPS.

Carlyle Group (CG) may be spinning off  Axalta Coating Systems only 18 months after purchasing it from Dupont. The IPO could raise $1 billion.

Cisco (CSCO) reported earnings, up $0.55 per share compared to $0.51 a year ago, but it has had to cut 8% of its jobs. Its guidance was flat and revenue growth was in-line.

Intel (INTC)  is going to purchase the processor unit from Avago for $650 million. Intel is making the acquisition to compete with the broader network processor industry.

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