GE CFO says economy "pretty good," outlook steady
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A top executive at General Electric Co  said on Tuesday the world's industrial economy remains "pretty good," orders have risen so far through the third quarter and he reiterated the company's profit forecast.
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U.S. consumers are in good financial shape, a top Fed official said on Monday, dismissing fears that high levels of household debt are unsustainable.
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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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Rattled investors will look for  soothing words on the economy from General Electric Co.   Friday morning, giving the stock market bellwether as much  credence as most macroeconomic indicators.
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Consumers&#39; assessment of the economy held largely steady this month, according to a university research report released Friday.
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The medical-device maker puts in a nice quarter despite its recent recall trouble.
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TORONTO (CP) - Early stock market indicators turned positive Friday as oil-price pressure eased, General Electric posted robust earnings and Canada reported employment growth.
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This company won't get burned by a downturn.
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The company cited growth in its global business, supply chain and freight unit, as well as modest growth in its U.S. package business despite a sluggish economy.
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General Electric Co  on Friday  posted a profit that met expectations on strong demand for  heavy equipment such as jet engines and electricity-producing  turbines.
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The U.S. economy should perform well  this year and in 2007 despite higher energy prices, the Federal  Reserve said in its 2005 report on Monday.
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The news is often sobering these days. But they&#39;re smiling at General Electric (nyse: GE - news - people ), where the company posted third-quarter earnings that are up 11%, with revenue rising 15%.
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Diversified manufacturer and financial services company General Electric Co. posted third-quarter earnings in line with Wall Street expectations on Friday, as revenue rose 15 percent on higher industrial sales
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The outlook for U.S. employment  remains stable for the rest of 2006 despite negative factors  like rising interest rates and energy prices, a quarterly  survey reported on Tuesday.
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Consumers' assessment of the economy held largely steady this month, according to a university research report released Friday.
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The US economy is resilient over time and growth is likely to remain in the 3-4 percent range, Minneapolis Federal Reserve President Gary Stern said on Friday.
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Small and mid-sized companies are  optimistic about the U.S. economy&#39;s prospects in 2007 on the  back of brisk first-quarter sales and increased revenue,  according to a survey released on Tuesday.