Mobile Ads Give Facebook Big Boost

The world’s largest online social network posted sharply higher earnings Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. The company’s shares climbed nearly 4 percent in extended trading, signaling that they could hit a record high when the stock market opens Thursday.

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GE profits rises 13%, expects retail finance IPO end-July

GE reported $36.2 billion in second quarter revenue, up 3% from the prior-year period and falling roughly in line with what Wall Street analysts had expected. Net income came in at $3.5 billion, up 13% from the same time in 2013 and resulting in earnings of 35 cents per share on a GAAP basis. Excluding special items — like the effect of discontinued operations — GE reported an earnings-per-share figure of 39 cents, a result that falls in line with the analyst consensus.

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