Ernest's Feed
Apr 17, 2014

GE industrial profit boost underscores strategy, shares up

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co (GE.N: Quote, Profile, Research) posted a 12 percent rise in overall industrial profits on Thursday, as strength in its businesses selling gas turbines, jet engines and oil industry equipment offset weakness in healthcare and transportation.

GE, which is increasingly focusing on its traditional manufacturing businesses over its finance unit, posted an 8 percent increase in industrial revenue, even as overall company revenue fell slightly short of Wall Street’s target.

Apr 17, 2014

GE industrial profits rise 12 percent, shares up

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co posted a 12 percent rise in overall industrial profits on Thursday, as strength in its businesses selling gas turbines, jet engines and oil industry equipment offset weakness in healthcare and transportation.

GE, which is increasingly focusing on its traditional manufacturing businesses over its finance unit, posted an 8 percent increase in industrial revenue, even as overall company revenue fell slightly short of Wall Street’s target.

Apr 16, 2014
Apr 16, 2014
Apr 15, 2014
Apr 15, 2014
Apr 15, 2014

Walking, ‘talking’ drilling rigs aim to modernize fracking

WEST CHESTER, Pennsylvania, April 15 (Reuters) – The
backbreaking life of a roughneck, the iconic worker bees of
oilfield drilling rigs, is getting a little easier.

Schramm Inc, which built the drilling rig that four years
ago helped rescue 33 trapped Chilean copper miners, has designed
a 500,000-pound rig for the oil and natural gas industry that
can walk, rotate 360 degrees, be operated with a remote control,
and load pipe automatically.

Apr 15, 2014
Apr 15, 2014
Apr 14, 2014