Thursday, December 02, 1999
TRISTATE MARKET SPOTLIGHT
GE shares rise on 'buy' report
Shares of General Electric Co. rose $4.43 3/4, or more than 3.4 percent, to close Wednesday at $134.56 1/4 after trading as high as $134.93 3/4.
The second-largest company by market value was reiterated “buy” by analyst Jeffrey Sprague at Salomon Smith Barney. He expects the stock to reach $150 in the next year, up from an earlier forecast of $135, to reflect the increased profile of the company's e-commerce efforts.
GE Aircraft Engines employs about 8,000 people at its manufacturing and services plant in Evendale.
German brewery coming
Cinergy slapped for hogging power in July
P&G lends Noxzema name to razor-maker
Cincinnati firm expands coal-to-gas power
McDonald's buying Boston Market chain
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: REAL ESTATE
COMMERCIAL REAL ESTATE
TRISTATE MARKET SPOTLIGHT
