General Electric Company (NYSE:GE) booked $3.3 billion in savings last quarter by widening retiree-benefit cuts from salaried positions to hourly production jobs, prompting a backlash from former employees who believed a career with the company would guarantee a comfortable retirement.The savings on retiree benefits is the largest for the Fairfield, Conn.-based company since the Affordable Care Act was passed in 2010. Starting Jan. 1, hourly production retirees who turn 65 by the start of 2018 will be cut off from GE’s traditional retiree health plan and, instead, reimbursed about $1,000 a year on the cost of Medicare coverage supplements purchased through Towers Watson’s (TW) OneExchange, the company said in a letter to employees. Current employees who retire by June 23, 2019, will be offered the same reimbursement. General Electric Company (NYSE:GE) belongs to Industrial Goods sector. Its net profit margin is -4.50% and weekly performance is -0.77%. On last trading day company shares ended up $25.90. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is -3.41%.
Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) said its second-quarter sales and earnings exceeded Wall Street expectations, as revenue climbed 24%. Alexion said that sales of Soliris, a treatment for serious genetic-based blood conditions that affect a very small percentage of the global population, were $636 million, an increase of 24% from the same period last year despite currency headwinds. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) shares increased 0.73% in last trading session and ended the day at $197.15. ALXN Gross Margin is 90.70% and its return on assets is 14.70%. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) quarterly performance is 16.97%.
Installed Building Products, Inc. (NYSE:IBP), an industry-leading installer of insulation and complementary building products, announced today results for the second quarter ended June 30, 2015. Net revenue increased 26.4% to $159.7 million compared to second quarter 2014; same branch sales increased 10.0% compared to second quarter 2014 attributable to higher volume, price gains, and more favorable project mix. On 04 August, Installed Building Products, Inc. (NYSE:IBP) shares increased 0.19% and was closed at $27.01.Installed Building Products, Inc. (NYSE:IBP) year to date (YTD) performance is 51.57%.
Amedica Corporation (NASDAQ:AMDA), is pleased to announce all four submissions to the International Society for Technology in Arthroplasty (“ISTA”) were accepted for presentation during the 28th annual congress occurring September 30 – October 3, 2015 in Vienna, Austria. Amedica Corporation (NASDAQ:AMDA) ended the last trading day at $0.50. Company weekly volatility is calculated as 9.16% and price to cash ratio as 2.21. Amedica Corporation (NASDAQ:AMDA) showed a weekly performance of -7.91%.
On July 20, Entertainment Gaming Asia Inc. (NASDAQ: EGT) announced that it will release its second quarter of 2015 financial results on Thursday, August 6, 2015 and will host a conference call that same day at 8:30 a.m. ET. The conference call number is 800/734-8582 or 212/231-2906; please call five minutes in advance to ensure that you are connected prior to the presentation. Entertainment Gaming Asia Inc. (NASDAQ:EGT) shares increased 8.01% in last trading session and ended the day at $2.29. EGT Gross Margin is 24.60% and its return on assets is -5.60%.