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GE Profit Will Be at Low End of Forecast

Dec 2, 2008  •  Post A Comment

NBC Universal parent General Electric said its fourth-quarter earnings will be at the low end of its forecast range due to higher expenses related to the shrinking of its GE Capital unit, the Associated Press reports. Also, the company may cut jobs in its industrial and financial divisions, the wire service said, citing GE Chief Financial Officer Keith Sherin.
—Danny King

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