World Cup 2019: Rain washes out Pakistan vs Sri Lanka match in Bristol

first_img India Today Web Desk BristolJune 7, 2019UPDATED: June 7, 2019 23:40 IST Pakistan vs Sri Lanka World Cup 2019 match called off. (AP Photo)HIGHLIGHTSPakistan vs Sri Lanka World Cup 2019 was washed out on FridayPak and SL have lost one and won one match in World Cup 2019 so farSri Lanka and Pakistan now have 3 points from 3 matchesThe World Cup 2019 match between Pakistan and Sri Lanka in Bristol was washed out on Friday without a ball being bowled. Both Pakistan and Sri Lanka have lost one and won one match in the tournament so far.It was a crucial game for both teams. Pakistan had been blown away by West Indies in their opening game last week before they bounced back to shock hosts England in a high-scoring game.Meanwhile, Sri Lanka defeated Afghanistan in a thriller after losing to New Zealand in their tournament opener.Disappointing news from Bristol. #PAKvSL has been abandoned both sides have been awarded a point. #WeHaveWeWill #LionsRoar #CWC19 pic.twitter.com/VyZlS6RVGx Cricket World Cup (@cricketworldcup) June 7, 2019Sri Lanka and Pakistan now have 3 points from 3 matches.Sri Lanka will next take on Bangladesh on June 11 while Pakistan face Australia on June 12.On Saturday, hosts England will play Bangladesh and Afghanistan will play New Zealand in Taunton.Also Read | Pakistan players wanted retaliatory celebration against India, PCB says noAlso Read | AB de Villiers backs battered South Africa to bounce back in World Cup 2019Also SeeFor sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAnita Jat Tags :Follow World Cup 2019Follow Pakistan vs Sri Lanka Next World Cup 2019: Rain washes out Pakistan vs Sri Lanka match in BristolWorld Cup 2019: The Pakistan vs Sri Lanka was called off without a ball being bowled due to heavy rain in Bristol. Both Pakistan and Sri Lanka now have 3 points each from 3 matches.advertisementlast_img read more

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GEs focus on core manufacturing operations begins to pay off profit rises

NEW YORK, N.Y. – General Electric Co.’s net income rose 49 per cent in the third quarter to $3.49 billion as its recovery from the 2008 financial crisis continues.GE earned 33 cents per share in the quarter, up from 22 cents per share a year earlier. On an adjusted basis, GE earned 36 cents per share, matching the expectations of analysts surveyed by FactSet.Revenue rose $1 billion, or 3 per cent, to $36.35 billion. But analysts were looking for revenue of $36.95 billion and GE shares fell nearly 2 per cent in premarket trading.During last year’s third quarter the company repaid $3 billion to Warren Buffett’s Berskshire Hathaway for its investment in GE during the depths of the financial crisis. Compared with last year’s adjusted results, GE’s earnings per share rose 13 per cent.GE’s size and global scope gives it a unique perspective on economic growth around the world. On Friday, CEO Jeff Immelt said the U.S. economic recovery is slow, and being held back by political and fiscal uncertainty. The European economy continues to struggle. Immelt described growth in Asia and other resource-rich regions as “slower but stable.”He said China, Russia, Latin America and the Middle East will have “decent” opportunities for the rest of this year and next year.“Europe is going to be a grind,” he said.Immelt said globally the picture next year will look much like it did this year, with pockets of weakness and strength. The one major variable, he said, was the so-called fiscal cliff looming in the U.S. — the automatic tax hikes and spending cuts that will kick in at the beginning of next year unless Congress can agree on a new budget plan. He does expect the standoff to get resolved “one way or another.”GE, based in Fairfield, Conn., was shaken during the financial crisis when investors began to worry that its enormous banking arm, GE Capital, would fail. It is now paring down GE Capital and other non-industrial businesses such as commercial real estate.GE said Friday it accelerated its efforts to reduce assets in GE Capital to $425 billion by the end of this year, a move applauded by investors. That lowered the company’s revenue forecast, however. Revenue is now expected to rise 3 per cent for the year instead of 5 per cent.GE is increasingly focused on its industrial operations such as manufacturing jet engines, refrigerators and providing equipment and services to energy companies.Revenue from the industrial divisions rose 8 per cent in the third quarter and is up 10 per cent so far this year.Orders for new equipment and services were down 5 per cent compared with last year, mainly because wind turbine orders have fallen dramatically because a key U.S. federal subsidy for wind power is scheduled to expire at year end. Excluding the dip in wind turbine orders, the company’s industrial orders were up 4 per cent.The company’s energy infrastructure and transportation divisions posted the strongest growth. Energy infrastructure profits rose 13 per cent and transportation profits rose 35 per cent.The relatively weak global economy is forcing GE to cut back, though, to protect profits. The company said it is on track to cut $2.8 billion this year as part of its “simplification” efforts.This is helping profit margins. GE’s operating profit margin grew to 14.4 per cent from 13.7 per cent in the third quarter.Follow Jonathan Fahey on http://twitter.com/JonathanFahey . by News Staff Posted Nov 2, 2012 6:28 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email GE’s focus on core manufacturing operations begins to pay off, profit rises 49 pct. read more

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