U.S. Morning Call: GE profit jumps 16 percent in Q1
Friday, April 19, 2013 - 04:15
Apr 19 - General Electric reported a 16 percent rise in first-quarter earnings as it sold more equipment for oil and gas drilling and shed its stake in NBC Universal.
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His morning on Friday in just a power house GE reporting results this morning profit jumped sixteen or first quarter at Jack in conglomerate. -- insult equipment for oil and gas drilling and -- its stake in NBC universal. One analyst and GE with its various businesses as a reflection of the US economy. The fact that it did well bodes well for the economy at large shares down slightly in the premarket. McDonald's results up next it's expected to post higher quarterly profit with all eyes on new CEO Don Thompson. This has been challenging for McDonald's same store sales lagged in January February. The fast food chain also dealing with a strike by restaurant workers for higher pay. And the -- outbreak in China. Investors love and it the stock has been hitting new all time highs rising 13% since mid January. Not to market to US stock futures point to a higher open this morning. I goal which is finally trading about 14100 dollars an ounce that's a 2% jump. So who's buying gold it's mostly consumers -- wedding shoppers and tourists snapping up bars coins nuggets and Hillary. Portfolio investors staying away. Reports US based. One investors yanked out two point seven billion from commodities and precious metals. That's the biggest since may 2011. Some top investors say the gold sell off reflect the failure of the Fed and other central banks to create -- -- the man. Despite injecting massive amounts of money into the economy. Friends flipper making a splash at New York Stock Exchange today. Got you all public debut last group age seventy. Dollars -- the eyes he very happy right there. Which shares pricing near the top range of 27 dollars SeaWorld has been valued at 2.5 billion bucks. The stock will begin trading today under the symbol SUK yes. Blackstone acquired -- world from brewer Anheuser-Busch in December 200942. Point three million dollars. Well Blackstone is getting into one business it's exiting another. Sources tell Reuters the PE group has ended its pursuit Adele. Easing the way for founder Michael Dell and partners relate to go ahead with 824 point four billion dollar deal. Blackstone withdrawing its offer after PC sales posted a 14% decline in the first quarter. Turning to stocks keep your -- and the tech sector today Google shares up fourteen bucks in the premarket. After the company reported its Internet revenue grew 23% Q1 to about ten million dollars. The results triggering a mixed bag of analyst notes cigarette tax court upping their price targets while evercore and Piper Jaffray and moving lower. Revenue beating street estimates but Stiefel Nicolaus analyst noting it wasn't easy. Benefits from a much lower tax -- help while -- week Motorola business weighed on overall results. Microsoft CFO. Hitting the road in two months. In the three plus years on the job Peter Klein -- PC sales fall dramatically and recently witnessed the perception of windows eight. His fault but nevertheless he's out. Which means CEO Steve Ballmer is less likely to leave according to the Pacific crest analyst. A couple of other analyst changing their price targets after the news Oppenheimer cutting the target to 21 to 34 dollars from 36. Ever or raising its target two bucks to 32. And checking in on apple it's up slightly to 393 but after a rough week for the stock. Analysts mixed on this 127. Noting it hasn't been this cheap in ten years so why others think there's more room to fall. That's good for your Friday morning call remembered follow us on Twitter at Reuters Insider get more great videos at Reuters dot com slash it's easy. I'm Lisa Bernhard fifth.
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