General Electric announced today it would shell out $587 million for Clarient, a maker of cancer diagnostic solutions. Clarient shares have soared 33% on the news.
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When the economy is weak and the upside for equities is limited, investors typically turn to smaller companies for growth. That dynamic is repeating itself now, as small-cap stocks surge past the sluggish broad market.
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General Electric will invest $432 million in its appliances division, resulting in the creation of 500 jobs. The conglomerate wants to expand its market share in the refrigerator market and boost the number of appliances made i…
Stocks closed mixed Friday as Google’s strong earnings lifted tech stocks but mounting concern over the foreclosure crisis and a revenue miss from GE weighed on financials and the broader market.
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The conglomerate’s third-quarter results came in mixed, with earnings topping Wall Street estimates, but revenues missing by a long shot. Investors were hardly impressed – shares fell more than 5%.
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