General Electric Co. said Friday its fourth-quarter net income increased 52 percent as the company made more money on both the industrial and lending sides of its business. The lending arm, GE Capital, suffered huge writedowns on risky loans during the financial crisis, so GE has been focusing on its industrial businesses. Industrial sales rose during the fourth quarter and orders for equipment, an indication of future business, were up 20 percent.
Source: CBN News
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