(Reuters) - General Electric Co posted quarterly profit that beat Wall Street's forecasts by a penny and said it was exiting the subprime mortgage lending market.
Shares of GE, the world's second-largest company by market capitalization, rose 1.3 percent in Europe. The conglomerate also said it had raised its share repurchases to $14 billion.
Read more at Reuters.com Business News
Shares of GE, the world's second-largest company by market capitalization, rose 1.3 percent in Europe. The conglomerate also said it had raised its share repurchases to $14 billion.
Read more at Reuters.com Business News
No comments:
Post a Comment