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GE to Cut 262 more Jobs at its Lufkin Oil Unit, Plunge in Global Oil Prices to Blame

General Electric Co., has announced that it will be cutting 262 more jobs at its Lukin oil unit in Texas, as it struggles with the continued plunge in global oil prices, according to a report from Reuters.

GE Enters the Cloud Services Market, Announces Predix Cloud

General Electric (GE) has announced its plans to enter the cloud service market with its own cloud solution, called Predix Cloud, according to a press release issued by GE.

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