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$GE said it closed the Appliance transaction on June 6, 2016 with a pretax gain of $3.1Bil, which translated to $0.20 of EPS. Revenue was down 25% in 2Q16, driven by Appliances down 31% due to the sale. Lighting revenues were down 11% in the quarter. Going forward, $GE will be reporting Energy Connections and Lighting as a single segment.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.