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General Electric Rises on Third-Quarter Earnings Beat; Lifts Cash Flow Forecast

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General Electric on Wednesday reported third-quarter adjusted earnings that beat analysts’ forecasts as the company focused on delevering its balance sheet and paying down debt, and also raised its closely watched industrial free cash flow forecast.

GE posted third-quarter adjusted profit of $1.28 billion, or 15 cents a share, vs. $980 million, or 11 cents a share, in the comparable year-ago period. Analysts polled by FactSet had been expecting per-share earnings of 12 cents. Revenue came in at $23.36 billion vs. $23.39 billion a year ago.

The sale of its remaining stake in Wabtec, which brought in $1.6 billion in cash, as well as the sale of part of its stake in Baker Hughes, which resulted in another $3 billion of cash, helped the company reduce debt and continue to focus on streamlining its operations, CEO Larry Culp said.

The company announced or completed some $9 billion in “total industrial deleveraging actions” during the quarter. It also reduced external debt at GE Capital by $1 billion. That helped to, in part, offset losses in its aviation unit, where general and equipment orders fell thanks to Boeing’s (BA – Get Report) ongoing grounding of its 737 MAX jet, which uses GE engines.

“We are encouraged by our strong backlog, organic growth, margin expansion, and positive cash trajectory amidst global macro uncertainty,” Culp said in a statement. “We are raising our industrial free cash flow outlook again even with external headwinds from the 737 MAX and tariffs, and we are holding our adjusted EPS outlook despite reduced income from moving Baker Hughes to discontinued operations.”

GE’s closely watched free cash flow (FCF), which is used as a gauge of efficiency, came in at $650 million. The company raised its 2019 forecast for industrial FCF to a range of flat to $2 billion, up from a range of between negative and plus $1 billion.

By segment, gains in renewable energy partially offset headwinds in both its power and aviation businesses, the company said. Revenue in renewable energy rose 13% to $4.4 billion from $3.9 billion, thanks to new orders for wind turbines and other components. Revenue in the company’s broader power segment, fell 14% to $3.9 billion from $4.6 billion as the unit “…continues to make progress on its multi-year turnaround,” GE said.

Aviation revenue gained 8% to $8.1 billion from $7.5 billion as orders for LEAP engines used on Airbus planes and other Boeing models offset stalled sales and service revenue from the 737 MAX groundings. Healthcare revenue was up slightly for the quarter, rising 5% to $4.9 billion from $4.7 billion, while operations from GE Capital generated a loss of $645 million.

GE shares were up 5.84%, or 53 cents, at $9.60 in premarket trading on Wednesday.

 

Source thestreet.com

By M. Corey Goldman

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Web & Domain Protection Software Market SWOT Analysis by Key Players: Leaseweb, Namecheap, SiteLock, Verisign, Sucuri

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The Latest research study released by HTF MI “Global Web & Domain Protection Software Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. The research study provides estimates for Global Web & Domain Protection Software market Forecasted till 2025*. Some of the Major Companies covered in this Research are ZeroFOX, Comodo, Domain.com, GoDaddy, Register.com, Leaseweb, Namecheap, SiteLock, Verisign, Sucuri, Cloudflare, Pointer Brand Protection, Sasahost, WebARX, AppRiver, Rebel.com

Click here for free sample + related graphs of the report @: https://www.htfmarketreport.com/sample-report/1585651-global-web-domain-protection-software-market

Browse market information, tables and figures extent in-depth TOC on “Web & Domain Protection Software Market by Application (Large Enterprises & Small and Medium-sized Enterprises (SMEs)), by Product Type (, Cloud-Based & On-Premise), Business scope, Manufacturing and Outlook – Estimate to 2025”.

At last, all parts of the Global Web & Domain Protection Software Market are quantitatively also subjectively valued to think about the Global just as regional market equally. This market study presents basic data and true figures about the market giving a general assessable analysis of this market based on market trends, market drivers, constraints and its future prospects. The report supplies the worldwide monetary challenge with the help of Porter’s Five Forces Analysis and SWOT Analysis.

On the basis of report- titled segments and sub-segment of the market are highlighted below:
Global Web & Domain Protection Software Market By Application/End-User (Value and Volume from 2019 to 2025) : Large Enterprises & Small and Medium-sized Enterprises (SMEs)

Market By Type (Value and Volume from 2019 to 2025) : , Cloud-Based & On-Premise

Global Web & Domain Protection Software Market by Key Players: ZeroFOX, Comodo, Domain.com, GoDaddy, Register.com, Leaseweb, Namecheap, SiteLock, Verisign, Sucuri, Cloudflare, Pointer Brand Protection, Sasahost, WebARX, AppRiver, Rebel.com

Geographically, this report is segmented into some key Regions, with manufacture, depletion, revenue (million USD), and market share and growth rate of Web & Domain Protection Software in these regions, from 2012 to 2022 (forecast), covering China, USA, Europe, Japan, Korea, India, Southeast Asia & South America and its Share (%) and CAGR for the forecasted period 2019 to 2025.

Informational Takeaways from the Market Study: The report Web & Domain Protection Software matches the completely examined and evaluated data of the noticeable companies and their situation in the market by plans for different clear tools. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This segment of the Web & Domain Protection Software report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.

To get this report buy full copy @: https://www.htfmarketreport.com/buy-now?format=1&report=1585651

Some of the important question for stakeholders and business professional for expanding their position in the Global Web & Domain Protection Software Market :
Q 1. Which Region offers the most rewarding open doors for the market in 2019?
Q 2. What are the business threats and variable scenario concerning the market?
Q 3. What are probably the most encouraging, high-development scenarios for Web & Domain Protection Software movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Web & Domain Protection Software Market in 2019 and beyond?
Q 5. Who are the significant players confronting and developing in Web & Domain Protection Software Market?

For More Information Read Table of Content @: https://www.htfmarketreport.com/reports/1585651-global-web-domain-protection-software-market

Key poles of the TOC:
Chapter 1 Global Web & Domain Protection Software Market Business Overview
Chapter 2 Major Breakdown by Type [, Cloud-Based & On-Premise]
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
…………………..
Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
………………..
Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

BY SYLVIA SANCHEZ

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Bombastic barrister Michael Avenatti facing new indictment for Nike ‘shakedown’

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(L-R) Michael Avenatti and Mark Geragos. (AP)

Prosecutors slapped trash-talking attorney Michael Avenatti with a new charge Wednesday for his alleged shakedown of Nike while also reducing the legal risk for celeb lawyer Mark Geragos, who is implicated in the case.

The new indictment filed in Manhattan Federal Court eliminated conspiracy charges against Avenatti, who is accused of attempting to extort the shoe giant for more than $20 million or he’d go public with claims the company secretly paid college basketball prospects.

Avenatti and Geragos were representing Gary Franklin Sr., a prominent figure in the youth basketball world, when prosecutors say Avenatti crossed the line from legal advocate to criminal.

A conspiracy charge requires an agreement with a second person, raising the possibility that Geragos was the other person involved in the alleged extortion plot. But in the new indictment, prosecutors replaced two conspiracy charges with an honest services fraud charge against Avenatti. The evidence in the case remains the same.

“I’ll go take $10 billion off your client’s market cap… I’m not f—–g around,” Avenatti told Nike lawyers on March 20, according to a criminal complaint.

Avenatti, 48, demanded Nike hire him and Geragos to conduct an internal investigation paying up to $25 million, the complaint reads.

Avenatti has pleaded not guilty and said he’s the victim of “vindictive prosecution” due to his criticism of President Trump. As part of his defense, Avenatti seeks to introduce evidence of Nike payments to college basketball players.

Geragos, a Los Angeles-based attorney who has represented celebrities including Winona Ryder, Kesha, Colin Kaepernick and Michael Jackson, did not respond to an email. He has not been charged.

“I am extremely pleased that the two counts alleging I engaged in a conspiracy against Nike have just been dismissed by Trump’s DOJ. I expect to be fully exonerated when it is all said and done,” Avenatti tweeted.

A trial is set for January.

Avenatti is separately charged in Manhattan with stealing $300,000 from a book deal made by his former client, porn star Stormy Daniels, who claims to have had an affair with Trump. Avenatti became famous in large part through his aggressive representation of Daniels.

Source nydailynews.com

By STEPHEN REX BROWN

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Elon Musk picks Berlin for Tesla’s Europe Gigafactory

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Elon Musk said Tuesday during an awards ceremony in Germany that Tesla’s European gigafactory will be built in the Berlin area.

Musk was on stage to receive a Golden Steering Wheel Award given by BILD.

“There’s not enough time tonight to tell all the details,” Musk said during an on stage interview with Volkswagen Group CEO Herbert Diess. “But it’s in the Berlin area, and it’s near the new airport.”

Tesla is also going to create an engineering and design center in Berlin because “I think Berlin has some of the best art in the world,” Musk said.

Musk took to Twitter after the ceremony and provided a bit more detail, including that this factory will build batteries, powertrains and vehicles, beginning with the Model Y.

 

Diess thanked Musk while on stage for “pushing us” towards electrification. Diess later said that Musk and Telsa is demonstrating that moving towards electrification works.

“I don’t think Germany is that far behind,” Musk said when asked about why German automakers were behind in electric vehicles. He later added that some of the best cars in the world are made in Germany.

“Everyone knows that German engineering is outstanding and that’s part of the reason we’re locating our gigafactory Europe in Germany,” Musk said.

 

Source techcrunch.com

By Kirsten Korosec

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