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Poorer GE
January 24, 2009, Saturday
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Print Edition
Print Edition
General Electric yesterday said its fourth-quarter earnings dropped 46 percent as it restructured its troubled lending arm.
The news comes as the conglomerate says it expects this year to be "extremely difficult" amid the financial crisis. The company said it earned US$3.65 billion. That included US$1.5 billion in restructuring charges.
The news comes as the conglomerate says it expects this year to be "extremely difficult" amid the financial crisis. The company said it earned US$3.65 billion. That included US$1.5 billion in restructuring charges.
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