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...Frankly, it’s been a long time coming and is more of a symbolic step than anything else: The unit’s reported potential sale price of about $500 million amounts to just 0.2% of GE’s current market value. But symbolism matters at a company like GE, whose long history has included a series of evolutions. It will be sad if GE gets rid of light bulbs. But the business just doesn’t fit anymore: it’s a commoditized industry with weak growth, fewer innovation opportunities and different distribution channels than those used to sell locomotives or parts for a Boeing Co. plane. The unit stood out all the more as GE separated the other consumer-facing parts of its empire including NBC Universal, appliances and the Synchrony Financial credit-card business. ...Live Mint on April 9, 2017, 5:21 p.m.
...Only about 2,000 of those will be in factories. Walmart, meanwhile, celebrated the planned addition of 10,000 retail jobs, even as it expands its store count at a slower pace. Walmart and GM aren’t the first companies to retool past plans into a good PR moment. Honestly, given how easily companies can turn Trump’s ire into praise with a few “big league” numbers, more power to them. This time two weeks ago, Trump was openly attacking GM on Twitter, claiming (without context, according to the company) that it made Chevrolet Cruze vehicles sold in the US in Mexico. ...Live Mint on Jan. 18, 2017, 12:29 p.m.
...Private equity firms announced more than 2,000 takeovers in 2016, edging just past the number of transactions seen during the previous peak in 2007, according to data compiled by Bloomberg. Research firm Preqin uses a broader definition and estimates private equity-backed buyouts likely surpassed 4,000 last year. Few of these transactions were particularly large. Rather, last year’s record indicates a determination to put cash to work—high valuations and competition be damned—by using different deal structures and pursuing smaller targets. This willingness to be flexible bodes well for buyout activity in 2017. Law firms are receiving non-disclosure agreements by the hundreds for assets that go on the block, according to Mel Cherney, a partner at Arnold & Porter Kaye Scholer. ...Live Mint on Jan. 8, 2017, 8:29 p.m.