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GE keeps imperiled dividend intact

Bloomberg General Electric Co. shareholders can breathe a little easier. At least for now. The board declared a 12-cent dividend, holding the payout steady for another quarter despite growing concerns that it would get cut. The dividend is payable July 25 to owners of record at the close of business June 18, GE said in a statement. The decision offers ...

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Danish firm Netcompany soars on first day of trading

Bloomberg A Danish tech company that went public quickly soared far above the price that initial investors agreed to pay for the stock. Netcompany A/S, which says it wants to be a key player in helping northern Europe go digital, sold shares in an initial public offering for 155 kroner a piece, according to a pre-market announcement. When trading started, ...

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Broadcom’s chips for data centers offset smartphone weakness

Bloomberg Broadcom Inc. reaffirmed its revenue forecast for the current period and reported profit that beat estimates, indicating robust sales of chips used in data-center networks are helping to make up for lackluster demand in the smartphone business. Revenue will be about $5.05 billion, plus or minus $75 million, in the quarter ending in July, the San Jose-based chipmaker said ...

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