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Investors focus on GE's Q3 profit and sales decline, taking little solace from Jeffrey Immelt's...

Investors focus on GE's Q3 profit and sales decline, taking little solace from Jeffrey Immelt's remarks that results "should give investors confidence" in a "renewed" GE. Shares -2.6% premarket and pressuring Caterpillar (CAT), Honeywell (HON) and United Technologies (UTX), all of whom report earnings next week.
Comments (2)
  • I have listened to Jack Welch. I have watched Jack Welch. I have read Jack Welch.

     

    This man is no Jack Welch.
    15 Oct 2010, 09:17 AM Reply Like
  • I just want to know when GE is going to break their grip on the US government teat. As a taxpayer, I demand to know how much, if any of the government backed corporate debt GE still has outstanding. We're on the hook for GE's reckless operation. TARP is over but GE is still sucking us dry, and out of the public eye.
    15 Oct 2010, 01:23 PM Reply Like
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