Reuters hours ahead with JPMorgan's upgrade of GE, shares rise

Reuters was alone with headlines on Sept. 8 that a J.P. Morgan Securities’ analyst saw General Electric as one of the last stocks for which “a little good news could still go a long way.” JP Morgan’s Steve Tusa, in a pre-recorded call, also said he expects a $10 billion capital infusion at GE Capital at some stage over the next couple of years. GE shares rose as much as 6 percent. The Reuters’ headline that JP Morgan had upgraded GE stock to “overweight” from “neutral” was unmatched at Dow Jones, and was nearly three hours ahead of Bloomberg.