On Thursday, General Electric (NYSE: GE ) will release its quarterly report, and the company has worked hard recently to pull back from its emphasis during the 2000s on its financial business and to reestablish itself as an industrial giant.
Wider industrial margins are important because Chief Executive Officer Jeffrey Immelt is working to build up the manufacturing units while shrinking GE Capital, whose North American consumer-lending business will have an initial public offering this year.
General Electric has spent years spinning off underperforming businesses and is much more stable after distancing itself from its GE Capital business. Now GE is focusing on its industrial portfolio and energy infrastructure businesses to fuel future ...
When General Electric (GE) reported earnings yesterday, the results were generally well received by investors. The stock moved up a percent and a half on heavy volume as there was a lot to like in the report.