• Politics
• Entertainment
• Business
• Tech

GE sees fourth-quarter earnings toward low end of range

December 02 06:05:01 AM, Yahoo News

Reuters - General Electric Co expects fourth-quarter profit toward the low end of its prior forecast and is looking for ways to reduce costs, including job cuts at its finance and industrial units, executives said on Tuesday.

Related articles

• Best Buy narrows full-year profit forecast
  Reuters - Best Buy Co , the top consumer electronics retailer, narrowed its full-year profit forecast on Friday after posting a 6.5 percent drop in December same-store sales during the worst U.S. holiday…
• Wall Street: The Bright Side of a Bad 2008
  BusinessWeek Online - Last year was that rare wrinkle in history when everything that could go wrong did go wrong. Stocks and real estate imploded. Bank failures abounded. Fannie Mae, Freddie Mac, and…
• Bank group slams lawmaker mortgage deal with Citi
  Reuters - A top bank industry group said on Friday that it opposes an agreement between financial giant Citigroup Inc and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage…
• Some workers may not take layoffs in stride
  Employees may be tempted to get even after losing jobs Friday's employment report is expected to show Americans…
• Ruling removes billing headache from emergency room visits
  Patients can't be billed when their HMOs fail to pay, the California Supreme Court says. Doctors say they're being squeezed. …
• How to save for college during a recession
  Families shouldn't compromise emergency and retirement options Saving for educational expenses in an economic downturn is a daunting…
• Morningstar names Buffett best of 2008
  Investment research firm Morningstar named billionaire Warren Buffett the best chief executive of 2008 for his leadership of Berkshire Hathaway Inc.
• CES: What's ahead in TV technology
  Your viewing future includes 3-D, wireless and ultra-thin sets and a way to use your cellphone as a video projector, judging from what's on display at the Consumer Electronics Show in Las Vegas. …
• Nasdaq CEO sees market role in financial crisis
  AP - The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules…
• Jobless rate jumps to 7.2% in December
  WASHINGTON -- The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs. The labor market is expected to remain weak as…
• Couple drops alcohol lawsuit against United Airlines
  Suit claimed airline was negligent in overserving passenger who later struck wife At the request of the Florida…
• For newspapers, time's the enemy
  The most significant thing newspapers once could afford and now cannot as the economy assaults an industry already battered by changing technology and consumer habits doesn't show up in their increasingly…
• Wall Street falls on labor market worry and Chevron
  Reuters - Stocks fell on Friday after government data showed the labor market crumbled further in December, adding to worries about the profit outlook and a deepening recession.
• Low mortgage rates leave lenders overwhelmed by refi requests
  Borrowers are rushing to refinance their mortgages at record low interest rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time when layoffs have sharply cut staffing. …
• Icahn says bankruptcy reform could help banks
  Reuters - Activist investor Carl Icahn called for changes in federal bankruptcy laws which he argues are thwarting the private investment which is more appropriate than public funds for reviving the banking…
• Retailers say 2008 was the worst holiday season in decades
  Sales fell 2.2% during November and December compared with the same period in 2007. Analysts say the pain is far from over. …
• All-digital TV? Please stand by
  Millions lack the necessary gear and risk blank screens when the switch occurs. Obama seeks a postponement. …
• Stock futures point to losses ahead of payrolls
  Reuters - Stock futures pointed to a lower open on Wall Street on Friday as investors braced for dismal monthly jobs figures and a rise in the unemployment rate. At 5 a.m. EST, futures for the S&P 500,…
• New video-on-demand service may hinge on Supreme Court ruling
  Networks and studios oppose Cablevision's plan to offer rebroadcasts of programs without commercials and without a fee paid to producers. …
• World waits on jobs data as recession weighs
  Reuters - U.S. employers probably cut the most jobs in at least 34 years last month as the global economic crisis gathered pace and moves by policy makers took time to filter through to struggling companies.
• Dinosaurs of Motor City
  A museum showcasing cars from Detroit's banner year of 1957 finds itself sputtering in the economic hard times of 2009. …
• Recession more severe than thought: Fed's Rosengren
  Reuters - The U.S. recession looks to be longer and more severe than originally thought, but there are signs that the economy will improve in the second half of 2009, a top Federal Reserve official said…
• Bernard Madoff was ready to send $173 million, prosecutors say
  Investigators found 100 signed checks that Madoff was ready to send out to his closest family and friends at the time of his arrest last month. …
• Obama warns of dire consequences without stimulus
  President-elect Barack Obama warned of dire and long-lasting consequences if Congress doesn't pump unprecedented dollars into the national economy, making an urgent pitch Thursday for his mammoth spending…