More breaking news stories could affect stocks when trading continues later.
The following listed companies should see some movement: General Electric Co.
(NYSE:GE), Dell (NASDAQ:DELL), Yum! Brands Inc. (NYSE:YUM). Here is a more
detailed look at the news that will affect each company when trading continues.
General Electric Co. (NYSE:GE) General Electric (NYSE:GE) has planned to invest
$520 million in green power technologies. The company revealed in a statement
yesterday that it has plans to buy a power conversion technology company for an
amount of $520 million.br> The new move is a part of its decision to boost the
energy efficiency of its cloud computing, smart phone and datacenter markets.
Dan Heintzelman, General Electric (NYSE:GE) Energy Services president and chief
executive, said, According to recent studies, there will be 1.1 billion
smartphones sold globally by 2013. Every new mobile device plugs into an
infrastructure that requires an ever-increasing amount of high-quality power. As
the data-driven economy grows, the addition of Lineage Powers business platform
continues the expansion of GE Energys offerings from the electric grid to data
centers, cell towers, routers, servers and circuit board electronics. Dell
(NASDAQ:DELL) Dell (NASDAQ:DELL) has planned to combine its public and
large-enterprise business units. As a part of move to enhance its position as an
information-technology provider, the US based computer giant has decided to
combine its both business units into a single operation which will be led by
public unit head Paul Bell. Dell (NASDAQ:DELL) has also named Steve
Schuckenbrock as the new president of its services business. He will replace
Peter Altabef, who is leaving Dell (NASDAQ:DELL) after leading the integration
of Perot Systems into the company. Yum! Brands Inc. (NYSE:YUM) Yum! Brands Inc.
(NYSE:YUM) has extended its deal with race track operator Churchill Downs. The
renewal of the agreement will allow Yum! Brands Inc. (NYSE:YUM) to remain as the
sponsor of the Kentucky Derby at Churchill Downs through 2015. However the
financial terms of the deal are not disclosed yet. A part of the revenue
generated by this new agreement with Yum! Brands Inc. (NYSE:YUM) will go to race
purses through a formula agreed upon in the most recent agreement between the
track and horsemen. Expect more movement when trading continues for General
Electric Co. (NYSE:GE), Dell (NASDAQ:DELL) and Yum! Brands Inc. (NYSE:YUM).
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