GE profit up 10 percent at 5.4 billion dollars
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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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General Electric Co., a maker of jet engines, plastics and appliances as well as owner of the NBC television network, said Friday that its board raised the company&#39;s quarterly dividend by 10 percent to 22 cents per share, and authorized the repurchase of
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General Electric Co.  reported a 9.6 percent rise in quarterly earnings Friday, in line with Wall Street expectations, on strong demand for jet engines, gas turbines and other heavy equipment, sending its shares to a five-year high.
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Caterpillar Inc.  said on Friday its profit in the latest quarter rose more than 10 percent as strong international mining, energy and construction sales offset a decline in U.S. equipment and engine sales.
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The company reported profit of $5.83 billion for the year as demand for its upscale sedans and SUVs led to a surge in sales.
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The manufacturerâs fourth-quarter profit jumped to $2.5 billion due to a large gain on the sale of its Bobcat machinery division, but results fell short of Wall Street forecasts.
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General Electric Co. GE.N on Friday  reported higher third-quarter earnings as strength across many  of its financial and industrial businesses outweighed  hurricane-related insurance losses.
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Diversified manufacturer United  Technologies Corp. UTX.N on Friday said quarterly profit rose  10.5 percent as the construction boom in Asia boosted its Otis  elevator and Carrier heating and air conditioning businesses.
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General Electric, driven by strong demand for jet engines and electric turbines, posted a 4 percent rise in net profit, meeting Wall Street expectations.
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US industrial giant General Electric says its profit in the last three months of 2007 rose 4% to $6.7bn.
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General Motors Corp.  on Wednesday said it swung to a profit with its delayed fourth-quarter results as it cut costs through a sweeping restructuring and saw gains in its core auto operations.
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The appliance maker's fourth-quarter profit soars on international sales.
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General Electric said its fourth-quarter profit rose 4 percent as surging overseas sales more than offset the fallout from domestic woes.
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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 won new jet engine service contracts  and had solid orders for ultrasound equipment.
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Diversified manufacturer General  Electric Co. GE.N 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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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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Bank of America Corp. , the second-largest U.S. bank, said on Thursday quarterly profit rose 5 percent, as private equity and investment banking gains offset lower retail banking earnings and worsening loan quality.