GE profit up 9.6 percent, to sell subprime unit
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General Electric Co.  reported earnings in line with Wall Street's expectations on Friday, citing strong demand for jet engines, gas turbines and other heavy equipment, sending shares to a five-year high.
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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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Consumer products company Procter &  Gamble Co. PG.N  on Wednesday said quarterly profit jumped 14  percent, boosted by strong sales and a gain from the  divestiture of its juice business.
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French banking group Societe Generale has reported that second-quarter net profit rose by 37.9 percent, with its finance and investment divisions posting strong growth amid market volatility.
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General Mills Inc  on Wednesday posted a 1 percent increase in quarterly profit, as higher sales were partially offset by more expensive marketing and a pizza recall.
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Diversified manufacturer General  Electric Co. GE.N said on Friday it boosted its quarterly  dividend by 10 percent and earmarked up to $15 billion for  share repurchases over the next three years.
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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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Diversified manufacturer General Electric Co. (GE) on Friday said it boosted its quarterly dividend by 10 percent and earmarked up to $15 billion for share repurchases over the next three years.
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HARTFORD, Conn. -- General Electric reported second-quarter profits of $5.4 billion Friday and said it was getting out of the U.S. mortgage business .
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Diversified manufacturer General Electric Co. (GE) said on Friday it boosted its quarterly dividend by 10 percent and earmarked up to $15 billion for share repurchases over the next three years.
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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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U.S. brokerage A.G. Edwards Inc   AGE.N on Thursday said second-quarter profit rose 40 percent   as higher asset management and account service fees more than   offset a decline in commissions and investment banking during a   summertime downturn in markets.
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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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Goldman Sachs Group Inc. (GS.N: Quote, Profile, Research) on Thursday said fourth-quarter profit rose 23 percent as its fixed-income, currency and commodities business soared while
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Security software maker Symantec Corp  reported a rise in quarterly profit on Wednesday, boosted by overseas sales, and forecast current-quarter results above Wall Street estimates, sending its shares up 9 percent.
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HARTFORD, Conn.  -- General Electric reported second-quarter profits of $5.4 billion Friday and said it was getting out of the U.S. mortgage business .
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General Electric Co , viewed as a bellwether of the U.S. economy, posted a 4 percent rise in net profit on Friday, matching Wall Street expectations, on strong demand for heavy equipment such as jet engines and electricity-producing turbines.