GE Meets Profit Expectations

Reuters:

General Electric Co (GE.N) 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.

The second-largest U.S. company by market capitalization said profit rose at all of its units but health care, which was weighed by a U.S. regulatory change.

With global credit markets in turmoil and most major Wall Street banks suffering big losses, GE saw profits rise at its commercial finance and GE Money consumer finance arms. Executives said it had been able to demand higher interest rates for loans.

Read the whole story: Reuters

Comments

[Purple Girl]

CAVE ADSUM GE!!!
Watch the trend for the next quarter- and the one after that.
BOYCOTT GE AND ALL THEIR MINIONS- MSNBC & ALL NBC AFFILIATES-right down to the damn lightbulbs!!!
Imagination at Work?
Yeah I remember 'IMAGINE' JOHN LENNON, he wasn't talking about your style New World Order. Corporationist have infected the world. And think they have gained control. LOL. Live buy the 'dollar',Die buy the 'dollar'.
How about we all just decide to stop buying your shit? refuse to Voluntarily pay Federal Taxes (it is Voluntary), Stop paying on our loans/credit cards. Bring charges against thoe who have Decieved this Nation and extorted our money and stole our gold?
Who would have thought this ol' clintonian would have had such 'crazy radical ideas' ah?
You are Not Paranoid if someone(thing) is really out to get you! We've been gotten!

[realitytrumpsbull]

And I expect they'll keep profiting, too, must be nice when you know the guy that writes the tax code...

[willo]

Had to kill a lot of towel heads to do it. But a bucks a buck.

[VivaZapata]

these creeps have polluted the Hudson and Housatonic rivers for decades, refusing to clean out the PCBs and other deadly chemicals. they've probably killed more people than Bin Laden and Bush put together. jack welsh is an Al Gore-hating cretin. GE deserves a slow, painful death.

[Feettotheflame]

GE/NBC/MSNBC/Hitler Inc./Mussolini LLC

What don't they own?

Someone needs to Robin Hood them.

[VivaZapata]

GE is a big war contractor. With hundreds of billions a year going to the Iraqi effort, how could GE miss in making profits?

[godlessclif]

“I think there's a sense of arrogance and entitlement here, a complacency in the United States.”..Jeffery Immelt
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“Any time we invested in the people in India, we made a tremendous amount of money.”..Jeffrey Immelt

[godlessclif]

How does GE making money on Indian labor have any effect on the US economy. Will Immelt buy more coffee at his local Starbucks?

[gevan]

Note to GE owned NBC/MSNBC: Dennis Kucinich is still running for President. Be afraid, be very afraid.

[FreedomCorpse]

If Jeff Immelt's hair was a little longer in that picture, he'd look like 'Robert Cutty' in the movie "The Associate" starring Whoopi Goldberg. How's that for a pertinent comment :)

[RS]

This article clearly should get filed under the following topic: NO S**T, SHERLOCK.

[WIpatriot]

GE A-L-W-A-Y-S meet their numbers. Always.

[letsmakesense]

"We think we're very well positioned in the world that we see today," Chairman and Chief Executive Jeff Immelt...
Fancy that. The world Immelt sees is a world of Empire and Fasism and to date this world has been very profitable for GE, Bectel, Haliburton and the rest of the Military Industrial Complex.
The only thing that stands in their way is Ron Paul and the American voter.
Ike warned us to beware.
Its about time we were aware of what is happening to our Republic and our liberties.
Get off your fat asses and vote for freedom.

[mrcontinental]

A war profiteer meets profit expectations...imagine that.