General Electric, one of the largest conglomerates in the world reported second quarter revenue rise of 11% to $46.9 billion but net income declined 6% to $5.07 billion or 51 cents per share. The infrastructure division that sells gas turbines, locomotives and aircraft engines continue to drive earnings, as it has for the last eight quarters. GE Money Japan is sold to Shinsei bank for $4.5 billion. |
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