General Electric is expected to report its second quarter earnings before the markets open today.
GE watched as operations fell 67 percent to $3.6 billion in the previous year, looking back at the loss of its appliances division, which the company had sold.
Arsenal WIN after late Iwobi header stuns Bayern Munich
Arsenal face Chelsea in Beijing in their next warm-up game at the weekend, while Bayern play AC Milan in Shenzhen, southern China. Arsenal beat Bayern Munich on penalties in Shanghai , with Alex Iwobi on target in stoppage-time and then from the spot.
Veteran chief executive Jeff Immelt, who is soon to step down after almost two decades at the helm, claimed the behemoth was on course to "meet or exceed" its $1bn cost-cutting target for the year, having already reduced structural costs by $670m year-to-date.
Shares fell 2.8% to $25.94 in afternoon Friday trading, leaving the price about 18% below where it started the year.
Cash flow in GE's industrial segment was a positive $1.5 billion after a shocking first-quarter shortfall of $1.6 billion. They have cut $670 million from their industrial structural costs this year so far, and they're on track to meet or surpass their target of $1 billion in cost reductions for this year.
GE's net profit slumped 58% to $1.34 billion, or 15 cents a share, in the quarter ended June 30, from $3.30 billion, or 36 cents a share, a year earlier. GE posted adjusted earnings of 28 cents per share on $29.56 billion in revenue, compared to the consensus estimates of 25 cent per share on $29.14 billion in revenue.
"The global scale of the company, along with our ability to innovate industry-leading products and services, will help us navigate the current environment and unlock productivity across our businesses and markets", added Immelt. Immelt announced his resignation last month. He is set to be replaced as CEO by John Flannery on August 1.
The company said Flannery will provide an update on GE's 2018 possible predictions later in the year. Mr. Immelt will step down at the end of the month after 16 years and be succeeded by health-care unit chief John Flannery.
Earlier, Indian forces resorted to unprovoked firing and targeted a Pakistan Army vehicle across the LoC. In retaliation, it said, Pakistani troops killed three Indian soldiers and destroyed multiple posts.
Other contributors included the price of recreational and cultural goods and services, such as games, toys and hobbies. The Consumer Prices Index was 2.6%, compared with an expected reading of 2.8% and a level of 2.9% in May.
Previously, she was arrested on suspicion of stealing a $690 pair of earrings from a Saks Fifth Avenue in Atlanta, Georgia. Notorious jewel thief Doris Payne has been arrested again, Channel 2's Tyisha Fernandes reports.
Germany's DIHK chambers of commerce said that in the current environment investing in Turkey was hard to imagine. Accusing Turkey of " departing the basis of European values ", the top diplomat also vowed economic retaliation.
So far, the group has requested that every state turn over extensive personal information on voters, the report says. Many of them called it unwarranted and cited state laws that prevent them from sharing some of the data.
Mark Freeley was strolling with his dogs on a Long Island beach in NY , when his dog, Storm , noticed something in the water. Floridia called it a "do-or-die" situation, saying he had no choice but to go after the deer or it would have died.
Spieth ordinarily isn't a gum-chewer, but on the range his instructor, Cameron McCormick offered him a piece of mint gum. He seems to have a singular inner motor that responds to utmost challenge and finds tedium in depressurized situations.
The Law and Justice party has said sweeping changes are needed to reform an inefficient and sometimes corrupt judicial system. He also condemned the speed with which the bill was passed, saying it was done without proper public consultation.
Essentially the app will quickly let you share your e-KYC or QR code, which has all the data for verification. That said, the application will retrieve your details only if your Aadhaar is linked with any mobile number.
At around 11 a.m., Home Depot and Lowe's shares were down around 6 percent, while Best Buy was down more than 3 percent. Park said Sears made the deal in order to expand its brand distribution and omnichannel retail strategy.
Sechin was Tillerson's main partner in Exxon's bid to drill in the Arctic's Kara Sea, with its vast untapped potential. Tillerson stepped down as CEO of ExxonMobil in December 2016 to lead the Trump Administration's State Department.
And will not only be related with your interactions with Google but it will show you the trends in your area and around the world. Years ago, Google Senior Product Manager Karen Corby geeked out on "The Glass Castle", a 2005 memoir by Jeannette Walls.
BBCI: US and China emerge from trade talks without agreement
The US blames Chinese excess capacity for a global steel glut that is hurting US producers, and has threatened to impose tariffs. The People's Daily op-ed outlined the political chaos that is prevailing in the USA and dubbed it a failed system.
Hamas calls for 'day of rage' over holy site
Tel Aviv argues that the security upgrades will prevent weapons from being brought to the Temple Mount as referred to by Jews. Conflicts over the holy site, revered by Muslims and Jews, have repeatedly triggered Israeli-Palestinian confrontations.
Shastri has his way, B.Arun is bowling coach
We showed more belief in our abilities and our mindset changed. "I certainly don't take any added pressure", he added. When asked about India's success in the recent past, Shastri says the team deserves all the credit.