In the news: Earnings from Google and GE, Amazon's book subscription service and more


Friday headlines include earnings from Google and General Electric, Amazon launching a new subscription service for books, CBS's CEO expressing an interest in CNN and FedEx indicted on drug distribution charges.

General Electric

Industrial conglomerate General Electric ( GE ) said Friday that it earned 35 cents per share in the second quarter, or 39 cents on an adjusted basis. Revenue was $36.23 billion. Analysts had expected the company to earn 39 cents per share on $36.3 billion in revenue. The company also said that it expects to hold and IPO for its North American consumer finance business by the end of this month.


Internet giant Google ( GOOGL ) said Thursday that it earned $4.99 per share in the second quarter, or $6.08 on an adjusted basis. Revenue was $12.7 billion. Analysts had expected the company to earn $6.24 per share on $12.3 billion in sales. Prices for ads continue to decline, but the year-over-year decline in the second quarter was less severe than the 9% year-over-year decline reported in the first quarter.


Online retail giant Amazon ( AMZN ) is launching a new subscription service for its Kindle e-reader device. Kindle Unlimited will cost $9.99 per month and provide access to 600,000 books and thousands of audio books.


The CEO of media giant CBS ( CBS ), Les Moonves, said his company would consider buying CNN were it to be sold by parent company Time Warner ( TWX ). Rupert Murdoch, the CEO of 21st Century Fox (FOXA) has said he would sell the news network if his bid to acquire Time Warner is successful.


Shipper FedEx (FDX) is facing a 15-count indictment for continuing to ship packages from illegal online pharmacies even after being warned by drug-enforcement officials. The indictment claims the company made at least $820 from participating in a conspiracy to distribute controlled substances.

This article was originally published on

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Earnings , Technology

Referenced Stocks: GE , GOOGL , AMZN , CBS , TWX

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