Boston, MA 03/03/2014 (wallstreetpr) – General Electric Company (NYSE:GE) which is currently in the process of reducing its interest in financial business has entered into a business contract with Hardid PLC. The agreement involves supply of coating to GE and Hardide will reportedly realize $1.3 million from GE for a period of two years as stipulated in the deal. The two year duration runs to February 2016. The parties agreed that the coating supply contract was extendable for another five years after the expiration of the current contract. Shares of General Electric Company (NYSE:GE) fell in the last session to $25.47, losing 0.12 of their market value.
Intel Corporation (NASDAQ:INTC) and Microsoft Corporation (NASDAQ:MSFT) are among the giant tech companies with business interest in Kenya. The two companies have reportedly joined forces with Kenya Private School Association (KPSA) – a local umbrella of privately owned schools to help towards information technology acquisition in local schools. The companies and the association have come up with a device acquisition plan that would enable students and schools to acquire tablets, laptops, PCs and smartphones flexibly. The devices to be availed to students and schools under this program will be powered by Microsoft’s Windows operating system. Intel Corporation (NASDAQ:INTC) is the world leading chipmaker, although it has been slow in gaining ground in mobile devices market. The stock finished the previous session at $24.76 per share.
salesforce.com, inc. (NYSE:CRM) has very little to show for its beating earnings results and above-estimates full-year guidance. The stock tumbled almost 6 percent to $62.37 by bell time Friday. The company managed to exceed Wall Street expectations in the most recent quarter, even though its net loss expanded compared to the year ago quarter. The fall of CRM came just when the company announced that its chief executive Graham Smith was poised to retire in March next year. Mr. Smith joined the cloud-computing company in 2005 and he was reportedly awarded $4.3 million compensation in the fiscal year ended January 2013.
