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Kraig Biocraft Laboratories (OTCQB: KBLB) announced that it plans to add nearly 2,500 acres of mulberry production, in Quang Nam, Vietnam, to support commercialization scale up of the Company’s recombinant spider silk technology

Reuters reported that GE (NYSE: GE) GE plans to spin off its health-care unit and shed its stake in Baker Hughes

  • GE plans to spin off its health-care business as a standalone business.
  • The conglomerate will also sell off its stake in its oil services company Baker Hughes.
  • GE is looking to streamline operations and focus on its aviation, power, and renewable energy units.

AP published Lennar Corporation’s (NYSE: LEN) Fiscal 2Q Earnings Snapshot

  • The homebuilder posted fiscal second-quarter revenue of $5.46 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $5.23 billion.
  • Net income of $310.3 million.
  • On a per-share basis, the Miami-based company said it had profit of 94 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.58 per share.

Reuters reported that Australia to buy six Northrop Grumman (NYSE: NOC) Triton drones for $5.1 billion

  • Prime Minister Malcolm Turnbull said that the remotely piloted aircraft would be used alongside P-8A Poseidon aircraft for long range operations and intelligence gathering
  • Part of plan to beef up maritime patrols.
  • Initial investment of A$1.4 billion ($1 billion) for the first drone.

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