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GE earnings dip 15% but industrial profits rise

GE earnings dip 15% but industrial profits rise

Last Updated: Thursday, April 17, 2014, 17:28

General Electric Thursday reported lower earnings but higher industrial profits, thanks to gains in its two largest industrial segments.

GE files for IPO of North American retail finance arm

Last Updated: Thursday, March 13, 2014, 20:07

General Electric Thursday filed papers for an initial public offering for its North American retail finance unit, its first step in a planned exit from the business in 2015.

GE to hike pro-environment energy research by USD 10 bn

Last Updated: Tuesday, February 25, 2014, 05:11

US industrial conglomerate General Electric has said it would boost spending on environmentally friendly energy research by USD 10 billion by 2020, including on fracking technologies and wind turbines.

Wall Street ends lower; S&P 500 extends losses for third day

Last Updated: Tuesday, January 28, 2014, 04:23

On Monday, the Nasdaq ended below its 50-day moving average.

S&P, Nasdaq end down with Intel, GE; Dow gains

Last Updated: Saturday, January 18, 2014, 09:28

The S&P 500 and Nasdaq declined on Friday as results from Intel and General Electric were the latest to dampen the view on fourth-quarter earnings.

Wall Street stocks fall on earnings; dollar hits seven-week high

Last Updated: Saturday, January 18, 2014, 03:27

Wall Street stocks declined on Friday as quarterly earnings of Intel and General Electric disappointed, contributing to a decline in a measure of global equity markets, while the dollar hit a seven-week high against the euro.

GE profit margins fall short, shares slide

Last Updated: Saturday, January 18, 2014, 01:50

General Electric Co posted disappointing 2013 profit margins on Friday, hurt by delayed wind turbine deliveries and poor energy management results, offsetting a 5 percent rise in quarterly earnings.

General Electric posts 9% profit drop for third quarter

Last Updated: Friday, October 18, 2013, 17:56

General Electric on Friday reported a 9 percent drop in third-quarter earnings as revenues slipped, driven by a downsizing of its financing arm, GE Capital, and unfavorable foreign exchange rates.

TCS, GE and Saudi Aramco set up all-female BPO in Saudi Arabia

Last Updated: Tuesday, September 24, 2013, 19:29

TCS and General Electric will own 76 per cent and 24 per cent, respectively, of the equity in the new venture, TCS said today in a statement.

General Electric to buy oil equipment maker for $3.3 bn

Last Updated: Tuesday, April 09, 2013, 12:22

The conglomerate will pay USD 88.50 a share to Lufkin shareholders, a 38 percent premium over the share price at the end of trading last Friday.

General Electric expects India revenue to grow 15-20%

Last Updated: Saturday, February 23, 2013, 10:44

General Electric expects that revenues from the company's Indian business to grow between 15 and 20 percent despite the current economic slowdown.

GE looks at up to 20% rise in revenues from India

Last Updated: Friday, February 22, 2013, 19:48

The company's portfolio in India includes power, oil & gas, transportation, healthcare and aviation.