GE profit down 44 percent (Reuters)

Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles, California May 24, 2007. (Fred Prouser/Reuters)Reuters – General Electric Co reported a 44 percent drop in quarterly profit, meeting Wall Street’s expectations, as the U.S. conglomerate and economic bellwether closed out one of the toughest years in its 117-year history.

Leave a Reply