Industrials

GE shares jump 5% on earnings surprise

General Electric Co. (GE) on Tuesday reported first-quarter net income of $3.59 billion, after reporting a loss in the same period a year earlier.

Drought hits Panama Canal shipping, highlights climate fears

An intense drought related to this year's El Nino phenomenon has precipitously lowered the level of Panama's Gatun Lake, forcing the country's Canal Authority to impose draft limits this week on ships moving through the waterway's recently expanded locks.

Samsung's 1Q profit slides on falling chip prices

Samsung Electronics Co. says its operating profit for the last quarter declined more than 60% from a year earlier because of falling chip prices and sluggish demands for its display panels.

Boeing CEO defends safety record amid 2 deadly crashes

Boeing shareholders are meeting six months to the day since the first of two deadly crashes involving the company's 737 Max airliner and as new questions arise about the aerospace giant's handling of the crisis.

Ethane storage seen as key to revitalization of Appalachia

Plans are underway in Appalachia to create two underground facilities to store ethane, a byproduct of natural gas drilling seen as integral to revitalizing a region still struggling from the loss of industrial and manufacturing jobs decades ago.