GE beats on EPS but trims cash flow target; shares fall
General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.
Wall Street rises as Microsoft gains, lifts tech stocks
U.S. stocks rose on Friday as solid results from Microsoft lifted technology stocks and eased rising trade tensions after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China.
Dollar weakens on Trump criticism; stocks tepid
The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings.
Factbox: Impact of U.S-China trade tariffs on U.S. companies
Several U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China.
Baker Hughes second quarter profit misses estimate; outlook upbeat
Baker Hughes, General Electric Co’s oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year.
GE CEO says China tariffs’ ‘gross cost’ could be $400 million
General Electric Co, a major buyer of Chinese goods, estimates new tariffs on its imports from China could raise its costs by $300 million to $400 million overall before steps to lessen the impact, Chief Executive John Flannery said on Friday.
Lufthansa, Laudamotion court proceedings to start in November
A court in Britain will start proceedings on Nov. 19 in a case between Lufthansa and Laudamotion over leasing contracts, Lufthansa said on Friday.
Microsoft shares at all-time high after bumper results
Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
RBS to close small firms redress scheme to new claims
Royal Bank of Scotland said a scheme to compensate small firms hurt by its restructuring unit will close to new complaints after it paid out just 10 million pounds ($13 million) so far for direct losses.
GE CEO says China tariffs could cost conglomerate up to $400 million
General Electric Co, a major buyer of Chinese goods, estimates new tariffs on its imports from China could raise its costs by $300 million to $400 million overall before steps to lessen the impact, Chief Executive John Flannery said on Friday.
