News Magazine

General Electric Discloses Baker Hughes Stake of About 25{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}

General Electric  (GE) – Get Report disclosed in a Securities and Exchange Commission filing Friday that its share of Baker Hughes stock has dropped to 25.7{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}, or 267.75 million shares, from 30.1{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}, or 311.43 million shares, at the end of January.

That could mean GE garnered almost $1 billion for the shares it sold during the period.

Using data from FactSet, MarketWatch tabulated that based on a volume-weighted average closing price of Baker Hughes stock from Jan. 25 through April 29 of $22.11, the 43.69 million Baker Hughes shares GE sold would have brought it $965.92 million.


Read More
Read More

Google discloses more on cloud business as it looks beyond search

Google on Tuesday revealed new financial details about its cloud division, a milestone as the technology powerhouse aims to expand its business beyond its massive search and advertising operation. 

a sign on the screen: Google's fourth-quarter earnings are out. Angela Lang/CNET

© Provided by CNET
Google’s fourth-quarter earnings are out. Angela Lang/CNET

The tech giant’s cloud unit, which rents server space and artificial intelligence technology to other companies and organizations, showed growth in the fourth quarter though it remained unprofitable. Revenue rose to $3.83 billion, from $2.61 billion a year earlier. The unit posted an operating loss of $1.24 billion in the period, and $5.6 billion over the full year. 

More broadly,

Read More
Read More