General Electric Co. stands testimony to the fact that its quarterly earnings are in sync with the 
Wall Street expectations (a surge of 9.6%). This is due to the strong demand for jet engines, gas turbines & other heavy equipment – making another record to take the share prices to a five-year high. Growing stronger as days pass – that’s what seems to be the tagline with GE currently as it has taken a decision to sell off the loss-making sub prime lending unit, WMC Mortgage. In another communication however, GE and Abbott Laboratories Inc. revealed that they have terminated an anticipated $8 billion deal to buy two Abbott businesses due to deal related disagreements.
Wall Street expectations (a surge of 9.6%). This is due to the strong demand for jet engines, gas turbines & other heavy equipment – making another record to take the share prices to a five-year high. Growing stronger as days pass – that’s what seems to be the tagline with GE currently as it has taken a decision to sell off the loss-making sub prime lending unit, WMC Mortgage. In another communication however, GE and Abbott Laboratories Inc. revealed that they have terminated an anticipated $8 billion deal to buy two Abbott businesses due to deal related disagreements.For Complete IIPM Article, Click here
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
