News Summary: General Electric 4Q earnings rise

News Summary: Cost cutting, strong growth in emerging markets propel GE

Associated Press

EMERGING GROWTH: General Electric Corp.'s earnings rose 8 percent and revenue rose 4 percent, ahead of analysts' expectations, thanks to strong growth in emerging markets and in countries that are exploiting natural resources.

GROWING PORTFOLIO: GE reported increased profits at all seven of its industrial segments, with growth topping 10 percent at four of them — oil and gas, energy management, aviation and transportation.

THE OUTLOOK: GE said its backlog of new business reached a company record of $210 billion. In a conference call with investors, CEO Jeff Immelt said he expects resurgent growth in China to continue and for the U.S. housing market to continue its steady recovery.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Trump gains on Clinton, poll shows 'rigged' message resonates

      By Emily Stephenson and Amanda Becker NEWTOWN, Pa./CLEVELAND (Reuters) - Republican presidential candidate Donald Trump gained on his Democratic rival Hillary Clinton among American voters this week, cutting her lead nearly in half, according to Reuters/Ipsos polling released on Friday. The polling data showed Trump's argument that the Nov. 8 election is "rigged" against him has resonated with members of his party. "Remember folks, it's a rigged system," Trump told a Pennsylvania rally on Friday.

    • U.S. warship challenges China's claims in South China Sea

      By Idrees Ali and Matt Spetalnick WASHINGTON (Reuters) - A U.S. navy destroyer sailed near islands claimed by China in the South China Sea on Friday, drawing a warning from Chinese warships to leave the area. The U.S. action was the latest attempt to counter what Washington sees as Beijing's efforts to limit freedom of navigation in the strategic waters, U.S. officials said. The Chinese Defense Ministry called the move "illegal" and "provocative," saying that two Chinese warships had warned the U.S. destroyer to leave.

    • Pakistani tea seller turns model after fame on social media

      ISLAMABAD (AP) — A Pakistani tea seller with striking eyes who saw his life change overnight after a picture of him at work went viral, said Friday he was totally unaware of social media until recently, when boys and girls suddenly started thronging his tea stall to take selfies with him.

      Associated Press
    • Couple Recreate Their Wedding Portraits in Local Target: 'We're Not Like Normal Newlyweds'

      Clad in their wedding gown and tuxedo, the Rexroads started in the Target parking lot, where a small crowd immediately gathered to watch.

      Inside Edition
    • 43-Car Vintage Ferrari Auction Offers Prancing Horses at No Reserve (44 photos)

      RM Auctions is hosting the 2016 Duemila Ruote auction in Milan next month. Hundreds of cars, boats, and motorcycles will be up for auction, including 43 jaw-dropping Ferraris to be sold at no reserve. Some are painstakingly restored, some are crusty originals; all are legends. Here's every Prancing Horse listed in the auction. If you go, don't forget your checkbook. From Road & Track

      Road & Track
    • Every movie and TV show being removed from Netflix in November

      This has been an exciting week, full of new movie trailers, new game trailers and even a new console announcement from Nintendo, but we have some somber news to discuss as well: Netflix is getting rid of a bunch of content again. DON'T MISS:  These are the 2 best iPhone email apps in the world, and I can’t decide which to use Some of the highlights (or maybe lowlights, since they're expiring) include some great television series like Chuck , Courage the Cowardly Dog and Powerpuff Girls . We're also losing E.T. , Deliverance , The Boxtrolls and Gigli , though if you've actually seen Gigli , you might not be too upset about that last one. Keep in mind, the list is subject to change as Netflix renegotiates its deals, but here is the current list of removals scheduled for November: Leaving November 1st The Addams Family (1991) Almost Famous (2000) Angel Heart (1987) Barnyard (2006) Bratz: The Movie (2007) The 'Burbs (1989) Can't Hardly Wait (1998) Chuck: Seasons 1-5 The Core (2003) Deliverance (1972) E.T. the Extra-Terrestrial (1982) Echelon Conspiracy (2009) Eight Crazy Nights (2002) Empire State (2012) Equilibrium (2002) Escape to Witch Mountain (1975) The Family Man (2000) Fatal Attraction (1987) Fresh (1994) Get Rich or Die Tryin' (2005) The Holiday (2006) Into the Wild (2007) Kangaroo Jack (2003) Legally Blonde (2001) Legally Blonde 2: Red, White & Blonde (2003) Major League (1989) Mansfield Park (1999) Meet Joe Black (1998) Mel Brooks: Make a Noise (2013) Open Season (2006) Open Season 2 (2008) Open Season 3 (2010) Patton Oswalt: My Weakness Is Strong (2009) Powerpuff Girls: Seasons 1-6 Rounders (1998) Scream 2 (1997) Sex: My British Job (2013) Shameless: Series 1-10 (UK) Sky Captain and the World of Tomorrow (2004) Something's Gotta Give (2003) The SpongeBob SquarePants Movie (2004) Spy Game (2001) The Sum of All Fears (2002) Total Drama World Tour (2014) Underground: The Julian Assange Story (2012) Urban Cowboy (1980) Varsity Blues (1999) What Women Want (2000) Leaving November 2nd The English Teacher (2013) Leaving November 4th Gigli (2003) Leaving November 5th The Homesman (2014) Leaving November 11th Quartet (2012) Leaving November 14th Seal Team 8: Behind Enemy Lines (2014) Leaving November 15th Naked Among Wolves (2015) Leaving November 16th The American (2010) Let's Go to Prison (2006) Leaving November 22nd Tracers (2014) Leaving November 23rd The Boxtrolls (2014) Scenic Route (2013) Ultimate Spider-Man: Web Warriors (2015) Leaving November 24th The Boondocks: Seasons 1-4 Chowder: Seasons 1-3 Courage the Cowardly Dog: Seasons 1-4 Uncle Grandpa: Season 1 Leaving November 25th Robin Hood (1973) Leaving November 30th Stuck in Love (2012) xXx (2002) It’s not all bad news, though — don’t forget to check out all of the new movies and TV shows being added to Netflix in November .

      BGR News
    • Iraq forces in fierce Kirkuk clashes with IS

      Security forces battled for a second day Saturday with Islamic State group gunmen who infiltrated Kirkuk in a brazen raid that rattled Iraq as it ramped up an offensive to retake Mosul. A toxic cloud released by a fire IS militants set off at a sulphur plant south of Mosul earlier this week killed at least two civilians and forced some US service members to wear masks. A day after the shock attack on the Kurdish-controlled city of Kirkuk, jihadist snipers and suspected suicide bombers were still at large, prompting Baghdad to send reinforcements.

    • Minnesota firefighter discovers teen son killed in car crash

      ADA, Minn. (AP) — A volunteer firefighter from northwestern Minnesota made a grim discovery at a car crash — his teenage son was the victim.

      Associated Press
    • U.S. has few good options for response to Philippines' Duterte

      By Yeganeh Torbati and David Brunnstrom WASHINGTON (Reuters) - The Obama administration has few good options and limited leverage as it struggles to craft a response to Philippine President Rodrigo Duterte's increasingly hostile rhetoric towards the United States and his warm embrace of China. For months, Washington has played down Duterte's anti-American insults and broadsides. Duterte's latest outburst, less than three weeks before the U.S. presidential election, casts further doubt on the seven-decade U.S.-Philippine alliance and threatens to further undermine President Barack Obama's faltering "pivot" to Asia as a counterbalance to China's growing assertiveness.

    • Trump gains on Clinton despite furor over women, election comments

      Donald Trump gained on Hillary Clinton among American voters this week, cutting her lead nearly in half despite a string of women accusing him of unwanted sexual advances and the furor over his disputed claims that the election process is rigged, according to a Reuters/Ipsos poll released on Friday. The survey also showed that 63 percent of Americans, including a third of Republicans, believe the New York real estate mogul has committed sexual assault in the past, though the Republican presidential candidate has denied the recent accusations. Clinton, the Democratic former secretary of state, led Trump 44 percent to 40 percent, according to the Oct. 14-20 poll, a 4-point lead, with the Nov. 8 election fast approaching.

    • China slams 'provocative' US sail-by in South China Sea

      China has slammed the US for sailing a warship near disputed territory in the South China Sea, saying the move was a "serious illegal act" and "deliberately provocative". In a statement on its website late Friday night, the country's defence ministry said two Chinese naval vessels warned off a US ship after it entered "Chinese territorial waters" near the Paracel Islands, known as Xisha in Chinese. China controls all of the islands, which are also claimed by Vietnam and Taiwan.

    • Wade, Rondo bring intrigue if not title hopes to Bulls

      CHICAGO (AP) — No matter how this season plays out, this much is clear about the Chicago Bulls: They're worth watching.

      Associated Press
    • Photos of the day - October 21, 2016 (21 photos)

      Onlookers gather at the site where a man was killed in a shootout with police in Manila, Philippines; German Chancellor Angela Merkel arrives on the second day of the EU summit in Brussels; and newly displaced people wait to receive food supplies at a processing center for displaced people In Qayyara, south of Mosul, Iraq. These are some of the photos of the day. (AP/EPA/Getty/Reuters) See more news-related photo galleries and follow us on Yahoo News Photo Tumblr.  

      Yahoo News Photo Staff
    • Why You Need to Think About Your Retirement Taxes Now

      "Taxes are likely to be one of, if not the largest expense in retirement," says Jeff Fosselman, a senior wealth advisor at Relative Value Partners in Northbrook, Illinois. After decades of deferring tax on your retirement savings, the tax bill becomes due in retirement. You need to plan ahead if you want to minimize the taxes you will pay during your retirement years.

      U.S.News & World Report
    • NY Giants Kicker Admitted in Journal Entries That He Abused His Wife

      The NFL is reviewing the documents, released by Washington authorities.

      ABC News q
    • The Latest: At least 80 killed in IS assault on Kirkuk

      BAGHDAD (AP) — The Latest on developments in Iraq where Iraqi forces and their allies launched a major offensive this week to retake Mosul, the country's second-largest city from the Islamic State group (all times local):

      Associated Press 47 min ago
    • European craft crashed on Mars, possibly exploded: ESA

      A tiny lander despatched to Mars on a trial run had crashed and possibly exploded on the Red Planet, mission control said Friday, confirming Europe's second failed attempt to reach the alien surface. The paddling pool-sized Schiaparelli craft "crashed on the surface of Mars", Thierry Blancquaert told AFP from European Space Agency (ESA) mission control in Darmstadt, Germany -- ending two days of uncertainty about the lander's fate. The image contained a white spot, thought to be the doomed lander's parachute spread out on the alien surface, some 170 million kilometres (106 million miles) from Earth.

    • Boston water main floods trench, killing 2 workers

      BOSTON (AP) — Two workers in Boston were killed when a water main gave way and flooded a deep trench where they were working.

      Associated Press
    • Trump takes a swipe at Michelle Obama

      Donald Trump made First Lady Michelle Obama a public target of his anger for the first time Friday in the final weeks of the presidential race, attacking her for comments she once made about Hillary Clinton. "But wasn't she the one that originally started the statement: If you can't take care of your home ... You can't take care of the White House or the country," Trump said, paraphrasing a memorably harsh remark that Michelle Obama made of Clinton when she ran for the 2008 Democratic nomination against fellow senator Barack Obama.

    • Duterte didn't really mean 'separation' from U.S., Philippine officials say

      Philippine officials sought on Friday to play down comments by President Rodrigo Duterte who announced his "separation" from the United States a day earlier, saying their country will maintain U.S. trade and economic ties. Duterte made his comments in Beijing, where he was paving the way for what he calls a new commercial alliance as relations with long-time ally Washington deteriorate. "I've realigned myself in your ideological flow and maybe I will also go to Russia to talk to Putin and tell him that there are three of us against the world - China, Philippines and Russia.