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November 02, 2012 at 11:05 AM EDT
The Outlook on GE
MINYANVILLE ORIGINAL Let’s face it: GE’s (NYSE:GE) third-quarter report was too bright which left everyone dancing around the maypole. Where is there to go when you're already at the top? And GE didn’t help by coming out and saying it doesn’t expect things to improve much. The reason: A lousy economic environment. GE of course is the biggest multinational in the US. Its sales went up a measly 2.8% while revenue dropped especially in the areas of health care and aviation. Lost in the euphoria were the tidbits that foreign sales sagged because currency rates ate into the profits.  After ...
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