KQED Nightly Business Report October 6, 2015
Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in and retirementds plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks pe...