In another sign that electric car startups are struggling to gain traction, Coda Automotive has laid off 15% of its staff.
FORBES: Electric Carmaker Coda Lays Off 15% Of Workforce
General Electric topped both sales and profit expectations, showing a 21% gain in earnings per share on a 4% decrease in revenues, associated mainly with selling its NBC Universal unit to Comcast.
FORBES: Baidu On Deck As Caterpillar Comes Up Short, McDonald's And Oil Services Sizzle
General Electric has reported a 16% rise in first quarter profits, helped by a one-off gain from the sale of its stake in NBC Universal.
BBC: General Electric profits lifted by NBC stake sale
Prime-time ratings for General Electric-owned MSNBC rose to 850, 000 viewers on average, a 70% year-over-year gain.
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