Saturday, July 18, 2009

GE revenues decline

a href=""AP/NY Times:/abr /br /blockquotea href="" 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 /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 /br /This report comes at a time when some of the financial institutions are reporting a href=""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=''//div

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