On Friday, Shares of General Electric Company (NYSE:GE), lost -0.47% to $27.24.
General Electric Company, reached tentative agreements on new labor contracts with national leaders of its two largest unions, the IUE-CWA and the United Electrical, Radio and Machine Workers of America (UE), after three weeks of negotiations. The agreements are now subject to review by union negotiating committees and ratification by union members.
GE’s existing four-year national contracts with the IUE-CWA and the UE expire at midnight tonight.
The four-year job packages provide improvements in healthcare, wages, pension and job and income security. The contract provisions will also be extended to additional unions that have local contracts with GE.
IUE-CWA President Jim Clark said, “I am extremely proud of our bargaining team for their persistence and focus on detail in achieving this new national contract, which I’m confident will be viewed by our membership as a winning contract that will enhance their job security while also giving them improvements in benefits and wages. I’m very happy that all of the CBC union leaders have endorsed the contract for ratification by their members. I want to thank our IUE membership for standing so strongly behind us throughout this process.”
IUE-CWA GE Conference Board Chairman Bob Santamoor said, “There were major issues resolved in the final moments of the negotiations process. I am very proud of my staff and the IUE bargaining team for all of their hard work and determination over the past weeks. The IUE bargaining committee spoke eloquently and passionately on behalf of our membership, and without them we could not have achieved the noteworthy improvements in this contract.”
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of KB Home (NYSE:KBH), surged 9.43% to $16.37, during its last trading session.
KB Home, stated results for its second quarter ended May 31, 2015. Highlights and developments comprise the following:
Three Months Ended May 31, 2015
- Total revenues of $623.0 million grew 10% from $565.0 million in the year-earlier quarter, extending the Company’s trend of year-over-year revenue enhances to 15 successive quarters. The current quarter revenue growth was driven by enhances in the Company’s housing and land sale revenues.
- Housing revenues rose 8% to $604.9 million from $559.8 million for the year-earlier quarter, reflecting expanded delivery volume and a higher overall average selling price.
- The Company delivered 1,787 homes, up 2% from 1,751 homes in the year-earlier quarter.
- The overall average selling price of homes delivered advanced 6% to $338,500, contrast to $319,700 for the corresponding period of 2014. Average selling prices raised in the Company’s West Coast, Central and Southeast regions, while its Southwest region’s average selling price was essentially even.
- Land sale revenues raised to $15.9 million from $2.6 million a year ago, reflecting sales in three of the Company’s four regions.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
Finally, The Walt Disney Company (NYSE:DIS), ended its last trade with -0.53% loss, and closed at $112.62.
Disney Consumer Products will unveil unique product experiences and exclusive merchandise at this year’s D23 EXPO, Disney’s ultimate fan event, held at the Anaheim Convention Center August 14–16. Reflecting a ‘Tradition Meets Innovation’ theme, the expansive Disney Consumer Products pavilion will provide interactive opportunities for fans of all ages to explore exciting stories and engaging experiences and products celebrating everyone’s favorite Disney, Pixar, Marvel, and Star Wars stories.
Throughout the weekend, Disney Consumer Products will give fans the chance to get hands-on with the very latest in product innovations, explore fashion trends, books, apps, and more, in addition to shop for collectible Disney Store merchandise at D23 EXPO. Special artist signings and stage presentations also will take place over the three-day event, offering fans the chance to get up close and personal with their favorite storytellers.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
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