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Riyadh, Ramadan 18, 1436, July 05, 2015, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has approved naming the Project of International Center for Conference being...

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GE Profit Falls, But Outlook Strong
Washington, Jumada II 17, 1435, Apr 17, 2014, SPA -- General Electric Company (GE) posted lower first-quarter net profit than a year ago, because last year’s results included the sale of its NBC Universal television and film unit, but the conglomerate said its industrial divisions performed well and the economic environment was “positive.”
GE reported Thursday that its profit in the January-March period fell to $3 billion from $3.5 billion in the same quarter a year earlier. Revenue fell 2.1 percent to $34.2 billion from $34.9 billion a year ago. The profit figure narrowly beat Wall Street estimates, while the revenue figure missed expectations.
The company backed its previous 2014 financial targets.
GE sold its remaining interest in NBC Universal last year as part of a plan to focus on building and servicing complex industrial equipment like aircraft engines, power-plant turbines, and oil and natural-gas drilling equipment.
The company has been able to grow its revenue and profit at such industrial divisions in recent quarters. Operating profit from industrial operations rose 12 percent in the first quarter. The oil and gas, power and water, and aviation divisions all posted sharply higher profits. Transportation and appliances fell, along with the company’s small energy-management division.
GE has a good view of the global economy because it has manufacturing plants and sales operations around the world. GE recently reported that European operations performed better than expected, while developing countries saw growth. Its U.S. business improved in March, evidence that the slowdown this winter was related to unusually cold weather.

--SPA
18:43 LOCAL TIME 15:43 GMT
 

 Royal Decrees  The Cabinet
Riyadh, Ramadan 18, 1436, July 05, 2015, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has approved naming the Project of International Center for Conference being built by the Ministry of Finance in Madinah as King Salman International Center for Conferences....
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Jakarta, Ramadan 18, 1436, July 05, 2015, SPA -- Indonesia's Mount Raung in East Java province continued to erupt, emitting grayish plumes up to four kilometers high, an official said Sunday, according to dpa. Sutopo Purwo Nugroho, a spokesman for the National...
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PODGORICA, Montenegro, Ramadan 18, 1436, July 05, 2015, SPA -- Police say an explosion at a weapons factory in central Montenegro has killed one person and injured several others. In a statement, police said the blast happened early Sunday at the Tara Group factory in the town of Mojkovac,...
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BEIRUT, Ramadan 18, 1436, July 05, 2015, SPA -- A series of U.S.-led coalition airstrikes targeting the ISIS group's stronghold of Raqqa in eastern Syria has killed at least 10 militants and wounded many others, AP reported. In a statement issued early Sunday, the coalition said...
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Muscat, Ramadan 18, 1436, July 05, 2015, SPA -- The main index of Muscat Securities Market (MSM) rose 81 points in the first half of 2015 despite the wave of declines it witnessed in several weeks, coupled with poor market-oriented liquidity, regional and international financial and political...
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