GE profit meets expectations
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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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US conglomerate General Electric said Friday that its second-quarter profits rose 10 percent to 5.4 billion dollars as its consumer finance and infrastructure arms offset losses in US home mortgages.
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Gillette Co. (GN: Quote, Profile, Research) on Thursday posted stronger-than-expected quarterly profit, driven by sales of higher-priced products such as its battery-powered M3Power men&#39;s
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General Electric Co. GE.N on Friday  posted an 18 percent rise in quarterly profit, driven by  broad-based growth as it received new aircraft engine service  contracts and had solid orders for ultrasound equipment.
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Diversified manufacturer Honeywell International Inc  said on Thursday that it expected to report 2008 profit of $3.65 to $3.80 per share, up 16 percent to 21 percent from forecast 2007 earnings, on favorable macro trends and productivity improvements.
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General Electric Co.  reported a 9.6 percent rise in profit on Friday, with strength in the infrastructure and commercial finance businesses offsetting a decline at its health care business and a loss in subprime lending.
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General Electric Co  on Friday posted a 4 percent rise in net profit, which met Wall Street expectations, driven by strong demand for heavy equipment such as jet engines and electricity-producing turbines.
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General Electric Co. GE.N on Friday  said its third-quarter earnings inched up 1 percent as strength  across many of its financial and industrial businesses  outweighed hurricane-related insurance losses.
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General Motors Corp.  said on Wednesday it swung to a profit in the fourth quarter as it cut costs and saw gains in its core auto operations.
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General Electric on Friday reported third-quarter profits of 4.05 billion dollars, matching Wall Street&#39;s expectations as revenues grew 15 percent at the diversified US conglomerate.
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U.S. stocks rose on Friday as  investors got a dose of strong quarterly earnings reports from  companies, including Dow component General Electric Co. GE.N,  which posted better-than-expected profits.
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British computer and video games retailer Game Group Plc  said it expected its full-year profit to be ahead of an average market forecast after continued strong sales in the run-up to Christmas, boosting its shares.
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COLES Myer Ltd said today it remains on track to reach its goal of achieving a profit of $800 million in 2005/06, after booking record earnings in 2003/04.
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General Motors posts a profit for the final three months of 2006, on cost cuts and better performance at its auto unit.
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Diversified manufacturer General Electric Co.  said on Tuesday that it is on track to meet its full-year earnings forecast and to achieve double-digit gains in earnings per share in 2005.
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General Electric Co.  posted a 9.6 percent rise in quarterly profit Friday on good results in its commercial finance business and strong demand for products ranging from jet engines to gas turbines.
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US industrial giant General Electric says its profit in the last three months of 2007 rose 4% to $6.7bn.