Industrial Goods

Immelt Pushes Harder to Shrink GE Capital

Tickers in this article: GE C

General Electric CEO Jeff Immelt on Tuesday reiterated the firm's plan to keep shrinking its finance arm, hinting at possible spinoffs.

05/23/13 - 09:35 AM EDT

MORE NEWS FOR INDUSTRIAL GOODS

Top Gainers
Top Decliners
Volume Leaders
Market Cap Leaders

Company	Last	%CHNG	Volume
Highway Holdings Ltd. (HIHO)	2.25	31.58	1.65 M
Hydrogenics Corporation (HYGS)	9.09	11.67	0.15 M
China Ming Yang Wind Power Group Ltd. (MY)	1.80	11.11	1.37 M
China BAK Battery Inc. (CBAK)	0.80	9.62	0.24 M
Heico Corporation (HEI)	49.34	7.47	0.39 M
Taser International Inc. (TASR)	9.12	6.92	0.76 M
Allied Motion Technologies Inc. (AMOT)	7.03	6.84	0.02 M
Capstone Turbine Corporation (CPST)	0.95	6.67	4.08 M
ExOne Co (XONE)	44.10	6.50	0.68 M
Industrial Services of America (IDSA)	3.19	5.98	0.01 M

Company	Last	%CHNG	Volume
Cleantech Solutions International Inc (CLNT)	8.26	-14.85	6.88 M
Real Goods Solar Inc. (RSOL)	4.24	-10.74	3.78 M
MagneGas Corporation (MNGA)	1.15	-8.95	0.02 M
Continental Materials Corporation (CUO)	16.75	-6.94	0.00 M
THT Heat Transfer Technology Inc. (THTI)	1.09	-6.84	0.01 M
American Mold Guard Incorporated (AMGI)	0.03	-6.67	0.00 M
Intellicheck Mobilisa Inc. (IDN)	0.56	-6.65	0.01 M
ZBB Energy Corporation (ZBB)	0.25	-6.61	0.91 M
TAT Technologies Ltd. (TATT)	6.06	-6.34	0.00 M
NF Energy Saving Corp (NFEC)	0.78	-5.66	0.01 M

Company	Last	%CHNG	Volume
General Electric Co (GE)	23.66	-0.84	44.35 M
Cemex S.A.B. de C.V. (CX)	11.51	-0.09	14.42 M
PulteGroup Inc (PHM)	22.53	0.45	14.08 M
Toll Brothers Inc (TOL)	37.60	1.43	7.64 M
DR Horton Inc (DHI)	26.01	-0.42	7.54 M
Lennar Corporation (LEN)	43.40	2.62	7.00 M
Boeing Co (BA)	99.75	1.86	6.97 M
Cleantech Solutions International Inc (CLNT)	8.26	-14.85	6.88 M
3D Systems Corporation (DDD)	46.55	0.02	6.69 M
Hovnanian Enterprises Inc (HOV)	6.10	2.69	6.62 M

Company	Last	%CHNG	Mkt Cap
General Electric Co (GE)	23.66	-0.84	$244.6 B
United Technologies Corp (UTX)	95.49	-0.79	$89.7 B
Siemens AG (SI)	105.28	0.70	$88.4 B
Boeing Co (BA)	99.75	1.86	$74.9 B
Honeywell International Inc. (HON)	79.24	-0.44	$63.1 B
Caterpillar Inc (CAT)	86.95	-0.86	$57.9 B
Danaher Corporation (DHR)	62.39	-0.59	$44.2 B
Lockheed Martin Corporation (LMT)	106.30	-0.18	$34.3 B
Deere & Co (DE)	87.18	0.40	$34.1 B
Illinois Tool Works Inc (ITW)	70.27	-0.75	$32.1 B

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04:31PM 05/23/13

NEW YORK (TheStreet) -- Major U.S. stock averages dropped Thursday after a choppy trading session, as investors worried the Federal Reserve would scale back stimulus and China could be headed for a slowdown.

A better-than-expected jobless claims report gave way to worries that the labor market was indeed improving and would encourage the Federal Reserve to taper its bond-buying program. Manufacturing data in China indicated an unexpected contraction in manufacturing activity in the country, culminating into the steepest decline for the Nikkei 225 in Japan since the aftermath of the tsunami and nuclear disaster in March 2011. The index closed down 7.3%.

"We had about a 3% intraday move to the downside from yesterday's high to today's low based upon what came out of the Fed yesterday," said Phil Orlando, chief equity market strategist at Federated Investors. Equities did retrace from their intraday lows by midday. "This market has gone vertically . . . and this is the most hated rally in the history of the stock market . . . and I expect down 3% some cash started to come into the market at the margin." ...

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