GE profit falls, but meets forecast
Company mainly blames finance arm for 3rd quarter’s 22% decline
BY STEPHEN SINGER THE ASSOCIATED PRESS
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HARTFORD, Conn. — General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings Friday, meeting its own lowered forecast and blaming the decline on its struggling finance arm.
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This article was published Saturday, October 11, 2008.
Business, Pages 38 on 10/11/2008