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business - "credit"
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G7 cuts growth view, shows worry on U.S. dollar dropWASHINGTON (Reuters) - Finance chiefs from rich nations offered a gloomier assessment of the global economy on Friday and vowed to act swiftly on wide-ranging reforms aimed at moving beyond a credit crisis that threatens world growth.
GE's finance businesses weigh on industrial giant; AAA questionedGE's consumer and commercial-finance units generate strong earnings growth as credit markets boomed earlier this decade. But those businesses have suffered since the credit crunch hit last year and they're now threatening to undermine GE's reputation as a solid growth company, experts say.
GE reports unexpected 6% profit drop; stock poundedGeneral Electric reported Friday an unexpected 6% drop in profit, as the slumping U.S. economy and credit crunch drove down profits ...
GE shocks market with profit drop, shares tumbleBOSTON (Reuters) - General Electric Co posted an unexpected 6 percent drop in first-quarter profit on Friday, the biggest shock yet to an American industrial bellwether from the credit crisis and the latest sign the U.S. economy may be in a recession.
GE shocks market with profit drop, shares tumble (Reuters)General Electric Co posted an unexpected 6 percent drop in first-quarter profit on Friday, the biggest shock yet to an American industrial bellwether from the credit crisis and the latest sign the U.S. economy may be in a recession.
Genentech (DNA) slipped on an earnings miss, while Visa (V) defied selling pressure to finish flatStocks barreled into negative territory right out of the gate this morning. Dow component General Electric (GE) can take credit for today's nose-dive; the blue-chip conglomerate fell woefully short of Wall Street's earnings expectations and slashed its 2008 guidance...(Read More)
Embarrassed Immelt faces up to credit crisisIn December, GE's Jeff Immelt told wall street analysts that a 10 per cent growth in earnings for 2008 was 'in the bag'. On Friday, Mr Immelt had to admit that the bag had broken, letting GE's reassurances and confident profits forecasts smash on the floor
Forecast calls for slower job growth in DenverDenver job growth will slow to about 1.4 percent in 2008, pressured by the credit crunch and housing slowdown, Wells Fargo regional economists predicted in a report released Friday.
G7 Endorses Plan To Avert Financial CrisesFinance officials from the world's top economic powers have endorsed a plan aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe.
World finance officials gather in WashingtonThe world's top financial officials, shaken by a credit crisis that has roiled markets around the world, planned to devote much ...
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Archived "business - credit" news stories.
 Available news archives.
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