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GE Cuts Earnings Forecasts Amid U.S. Credit Turmoil, Shifts Focus to Industrial Businesses in China

Sep 26th, 2008 | By Jason Simpkins | Category: Politics & Economics

General Electric Co. (GE), yesterday (Thursday) reduced its annual profit forecast for the second time this year and announced plans to reduce dependence on its financial services arm and focus more on the company’s industrial operations, particularly in China.

Tags: china, GE, General Electric, Jason Simpkins, jeffery immelt
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