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Reuters | Equities.com |

General Electric Co on Tuesday offered an upbeat outlook for its business this year after reporting a surge in quarterly free cash flow, sending its shares soaring in early trade.

The Boston-based industrial conglomerate predicted a free cash flow of $2.5 billion to $4.5 billion this year after generating cash flow of $4.4 billion in the fourth quarter.

That compares with Refinitiv’s average analyst estimate of $3.03 billion for 2021 and about $2.6 billion for the latest quarter.


AP News | Equities.com |

Overwhelmed hospitals are converting chapels, cafeterias, waiting rooms, hallways, even a parking garage into patient treatment areas. Staff members are desperately calling around to other medical centers in search of open beds. Fatigue and frustration are setting in among front-line workers.

Conditions inside the nation’s hospitals are deteriorating by the day as the coronavirus rages across the U.S. at an unrelenting pace ...


Reuters | Equities.com |

(Reuters) - The number of new COVID-19 cases in the United States hit another record high last week, rising 18% to more than 575,000, while deaths inched up 3%, according to a Reuters analysis of state and county reports.

The number of new cases reported each week has risen for four straight weeks, with the biggest increases seen in the last two weeks.

Nationally, nearly 5,800 people died of the virus in the seven days ended Nov. 1, bringing the total to over 230,000. Health experts say deaths tend to increase four to six weeks after a surge in infections.


Reuters | Equities.com |

DuPont forecast annual profit above expectations on Thursday as a tight check on costs and a recovery in the automotive industry, one of its biggest markets, helped the i...


Reuters | Equities.com |

(Reuters) - U.S. industrial conglomerate 3M Co topped Wall Street estimates for quarterly profit on Tuesday, as the maker of N95 masks benefited from robust demand for its healthcare products during the COVID-19 pandemic.

There has been a recovery from last quarter when the company suffered a plunge in sales, as demand for office supplies declined with more people working from home due to the pandemic.

The company said the third quarter benefited from strong demand for p...


Reuters | Equities.com |

The number of new COVID-19 cases in the United States last week rose 24% to more than 485,000 while the number of tests performed rose 5.5%, according to a Reuters analysis of state and county reports.

Nationally, over 5,600 people died of the virus in the seven days ended Oct. 25, up 15% from the prior week. Deaths have risen for at least two weeks straight in 16 states, compared with nine states previously.

Deaths more than doubled in seven states -- Connecticut, Idaho, Michigan, Minnesota, New Jersey, Ohio and Wyoming -- though they remained low compared to Texas, Florida and California, according to the Reuters analysis.


AP News | Equities.com |

When Pacific Gas & Electric cut power to large swaths of wildfire-prone Northern California last fall, few of the emergency personnel managing the blackouts for the nation’s largest utility had learned the fundamentals of managing an emergency in their home state.

The utility entered 2019 planning to “de-energize” its aging electric grid during autumn windstorms, so that downed lines couldn’t spark a blaze. Yet among the hundreds of people who handled the blackouts from PG&E’s emergency operations center, only a handful had any training in the disaster response playbook that California has used for a generation.


AP News | Equities.com |

Banks and technology companies led a broad slide for stocks on Wall Street Tuesday, snapping the market’s four-day winning streak.

The S&P 500 lost 0.6%, giving back some of its gains from a day earlier. The pullback in stocks comes as many forces are pushing and pulling on markets simultaneously. Coronavirus counts are rising at a worrying degree in many countries around the world, and Johnson & Johnson said late Monday it had to temporarily pause a late-stage study of a potential COVID-19 vaccine “due to an unexplained illness in a study participant.”


Reuters | Equities.com |

Nine U.S. states have reported record increases in COVID-19 cases over the last seven days, mostly in the upper Midwest and West where chilly weather is forcing more activities indoors.

On Saturday alone, four states - Kentucky, Minnesota, Montana and Wisconsin - saw record increases in new cases and nationally nearly 49,000 new infections were reported, the highest for a Saturday in seven weeks, according to a Reuters analysis. Kansas, Nebraska, New Hampshire, South Dakota and Wyoming also set new records for cases last week.


Reuters | Equities.com |

General Electric Co's shares surged on Wednesday after Chief Executive Officer Larry Culp said the industrial conglomerate's free cash flow would turn positive in the second half of this year.

The company’s shares, which have fallen about 45.4% so far this year, were last trading up about 11% at $6.77 in afternoon trade.

Culp’s comments at a Morgan Stanley Laguna Conference were more upbeat than the ou...