Power, Aviation Boost GE Despite Weak Oil
NEW YORK, (UrduPoint / Pakistan Point News - 22nd july,2016) - Strong results in power and aviation boosted General Electric's second-quarter results, despite an economy characterized by volatility and slow growth, the company said Friday. Net income was $2.
7 billion, compared with a loss of $1.4 billion in the year-ago period. Revenues rose 14.6 percent to $33.5 billion. Performance among GE's industrial divisions varied, with oil and gas experiencing big declines in revenues and operating profit due to the rout in oil prices.
Recent Stories
Imran crossed limits for personal interests: Khurram Dastgir
State Dept. Says No Meetings to Preview With Antonov, Russian Officials on Thurs ..
Japan's Ruling Party Policy Chief Visits Facility Linked to Unification Church - ..
US to Take Steps in Coming Weeks to Counter Chinese Activity Around Taiwan - Sta ..
Acting CJ Federal Shariat Court stresses for promoting religious harmony
Turkey to Appoint Ambassador to Israel Soon - Erdogan
More Stories From Business
-
Oil Prices Rebound From 6.5 Month Lows as US Crude Exports Hit Record Highs
4 hours ago -
Argentines Rally in Downtown Buenos Aires Against Gov't Response to Inflation
6 hours ago -
Argentines Rally in Downtown Buenos Aires Against Gov't Response to Inflation
7 hours ago -
Myanmar Establishes Committee on Oil Imports From Russia - State Council
7 hours ago -
Hungarian Economy Grows 6.5% in Second Quarter of 2022 - Finance Ministry
7 hours ago -
Canada, UK, US Rank as States Having Biggest Problems With Mounting Debt - Report
9 hours ago -
FM urges world to take advantage of investment opportunities in Pakistan
10 hours ago -
Futuristic Living That We’ve Only Seen In Movies
10 hours ago -
Govt committed to facilitate investors to increase FDI: Miftah Ismail
10 hours ago -
Pakistan keen to enhance relationship with Iran: Ayaz Sadiq
10 hours ago -
US Circuit Court Says Biden Admin. Can Pause Oil, Gas Leasing in Reversal of Prior Ruling
11 hours ago -
Naveed Qamar stresses on enhanced trade cooperation among SCO states
11 hours ago
Education - Urdu News - Car Prices - Breaking News - English News - Live Tv Channels - Urdu Horoscope - Horoscope in Urdu - Muslim Names in Urdu - Urdu Poetry - Love Poetry - Sad Poetry - Prize Bond - Mobile Prices in Pakistan - PTV Sports - English to Urdu - Big Ticket - Translate English to Urdu - Ramadan Calendar - Prayer Times - DDF Raffle - Islamic Calendar - Events - Today Islamic Date - Travel - UAE Raffles - Travel Guide - Arabic - Urdu Cooking Recipes - Directory - Pakistan Results - Past Papers - BISE - Schools in Pakistan - Academies & Tuition Centers