The big news on the stock market Friday was disappointing earnings news from General Electric Company (NYSE/GE). The company cut its 2008 profit forecast Friday, while the latest quarterly earnings declined for the first time in five years.
GE's earnings dropped 12% in its latest quarter. The stock market doesn't like to be disappointed and that's exactly what happened with GE stock on Friday. As recent as March 13, CEO Jeff Immelt said that earnings for 2...
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