Friday, January 18, 2008

GE profit meets expectations (Reuters)



Jeffrey R. Immelt, chairman and chief executive of General Electric, during a news conference in Los Angeles, May 24, 2007. GE on Friday posted a profit that met expectations on strong demand for heavy equipment such as jet engines and electricity-producing turbines. (Fred Prouser/Reuters)Reuters - General Electric Co posted a 4
percent rise in net profit on Friday, matching Wall Street
expectations, with strong demand for heavy equipment from
outside the United States offsetting the effects of a slowing
domestic economy.




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