Cost cutting and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007 on Friday, but sales remained sluggish for the industrial and financial giant. The better earnings ended a long string of declines at the Fairfield, Conn.-based company, which makes everything from refrigerators to jet engines. GE's outlook was largely upbeat, helped by improving orders and lower losses and its GE Capital lending unit. It sees profits continuing to...
Full Story: MSNBC
