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China aircraft maker wins 1st foreign order

AP — Tue, 04 Nov 2008 07:41:45 +0000

China’s biggest commercial aircraft maker landed its first foreign order Tuesday when General Electric Co. announced its plane-leasing arm would purchase at least five of the company’s new regional...

GE 3Q profit off 22 pct, but meets lower forecast

AP — Fri, 10 Oct 2008 16:56:53 +0000

General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings, meeting its own lowered forecast and blaming the decline on its struggling finance arm. The company’s loan and lease business has been battered by the worse financial crisis since the 1929 stock market crash.

GE profit falls 22 pct, meeting lowered forecast

AP — Fri, 10 Oct 2008 13:37:35 +0000

General Electric Co.’s third-quarter profit fell 22 percent, hurt by lower earnings at its finance business, which has been battered by the worst financial crisis since the stock market crash of...

GE profit falls 22 pct, hurt by financial arm

AP — Fri, 10 Oct 2008 12:19:52 +0000

General Electric Co., which makes everything from jet engines to water treatment systems and owns NBC Universal, said Friday its third quarter profit fell 22 percent, hurt by its financing...

Buffett to buy $3B of GE preferred stock

AP — Wed, 01 Oct 2008 19:01:50 +0000

Warren Buffett’s Berkshire Hathaway Inc. is investing $3 billion in General Electric Co., a huge vote of confidence for an iconic American company battered by the credit...

GE cuts forecast, citing wounded financing unit

AP — Thu, 25 Sep 2008 19:51:25 +0000

General Electric Co., the industrial powerhouse that makes everything from jet engines to light bulbs, cut its earnings forecast for the year on Thursday, blaming volatile financial markets that have damaged the profitability of its loan and lease business, which accounts for almost half its income.

GE cuts 3Q forecast, citing financial market woes

AP — Thu, 25 Sep 2008 13:34:39 +0000

General Electric Co., whose shares have been battered by anxiety over the health of its big loan and lease business, lowered its earnings forecast on Thursday, saying the unit’s profits were falling and that it was taking action to bolster...

GE lowers profit guidance, suspends stock buybacks

AP — Thu, 25 Sep 2008 11:17:46 +0000

General Electric Co. lowered its earnings guidance for the third quarter and the full year on Thursday and suspended its stock buyback plan, saying “unprecedented” weakness and volatility in the financial services markets has weighed on...

General Electric revises 3Q, full-year outlook

AP — Thu, 25 Sep 2008 11:07:27 +0000

General Electric has lowered its outlook for third-quarter and full-year earnings, citing unprecedented weakness and volatility in the financial services markets.

GE says SEC probing possible securities violations

AP — Fri, 05 Sep 2008 21:43:05 +0000

General Electric Co. says the Securities and Exchange Commission staff has notified the company it may recommend fines and other action for possible violations of securities...