U.S. stocks ended higher Friday and the S&P 500 notched a third week of gains, helped by upbeat consumer sentiment data and gains in General Electric.
Industrial production fell for a second straight month in September on renewed weakness in oil and gas drilling.
Industrial conglomerate GE reported a decline in third-quarter profit, but strong performances from its core units helped the company top forecasts.
General Electric agrees to sell commercial lending and leasing businesses worth more than $30 billion to Wells Fargo & Co.
Stocks fell for the third straight day Thursday after disappointing results and forecasts from companies added to concerns about the U.S. profit outlook.
The Nasdaq composite closed at a record high Friday on strong results from Google while weak energy stocks weighed on the Dow and S&P 500.
The government is seeking to stop Electrolux from buying GE's appliance division, saying the combined company would dominate sales of kitchen appliances.
GE agrees to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion.
Industrial production unexpectedly fell in May, likely as a strong dollar and energy spending cuts continued to weigh on manufacturing and mining output.
GE will sell its private equity business as it refocuses on its core businesses and exits a banking sector now under stricter oversight.
Stocks ended slightly higher Monday as transportation shares bounced back from recent losses though economic data painted a mixed picture of the economy.
U.S. industrial production fell for a fifth straight month in April, weighed down by declines in mining and utilities output.
Industrial output posts its biggest drop in nearly 3 years, highlighting the negative impact of lower crude prices and a strong dollar on the economy.
U.S. stocks fell Monday on Wall Street as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings.
Drug mater Mylan rises after it agrees to buy rival Perrigo, and Ocular Therapeutix falls after disappointing results for inflammation and pain treatment.
Stocks closed out a strong week Friday with a broad rally as investors lauded GE's decision to divest most of its high-risk finance arm and buy back shares.
GE is getting out of the lending business, a major profit generator, as it focuses more on its industrial business and sheds a massive financial unit.
Warren Buffett's Berkshire Hathaway will pay $560 million for a nearly 10 percent stake in high-flying Axalta Coating Systems, which went public last fall.
GE will pay a $3.5 million penalty to settle charges of knowingly failing to report to the government that certain dishwashers and ranges could catch fire.
In quarterly reports this week, Starbucks is expected to have double-digit growth in revenue and earnings, and IBM double-digit declines.
Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market.
Orders for long-lasting manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter.
General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial, the conglomerate says.
GE is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reports, citing anonymous sources.