a href="http://www.nytimes.com/2009/07/18/business/18electric.html?_r=1"AP/NY Times:/abr /br /blockquotea href="http://topics.nytimes.com/top/news/business/companies/general_electric_company/index.html?inline=nyt-org" title="More information about General Electric Co"General Electric/a said Friday that its second-quarter earnings tumbled 49 percent on the continued woes of its finance unit and ongoing weakness in its big industrial units due to the recession.br /br /...br //blockquoteThe story does not mention the liberal television units that have been sucking up to the Obama administration. That seems a curious omission as if their earning are insignificant to the success of the business.br /br /This report comes at a time when some of the financial institutions are reporting a href="http://www.nytimes.com/2009/07/18/business/18bank.html?hp"record gains/a for the quarter. Most of those gains have been on trading profits. I wonder if they come from betting against this administration's recovery programs. The stories do indicate core business of these companies are not profitable.div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5051247-7580868802800659853?l=prairiepundit.blogspot.com'//div
technorati tags:
political news | news | world news
More at: News 2 Cromley
No comments:
Post a Comment