GE’s industrial profit falls 8 percent, hit by tumbling oil

The logo of General Electric is pictured at the 26th World Gas Conference in Paris(Reuters) – General Electric Co on Friday reported that industrial profits fell 8 percent in the fourth quarter, hurt by weakness in divisions catering to the oil and gas industries. Industrial segment operating profit fell to $5.52 billion from $5.99 billion a year earlier. Total profit jumped 22 percent to $6.28 billion, or 64 cents per share, from $5.15 billion, or 51 cents per share.

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Goldman-run funds most popular with Republican candidates, disclosures show

U.S. Republican presidential candidate and U.S. Senator Ted Cruz speaks during a campaign stop at one of former U.S. Senator Scott Brown's "No BS Backyard BBQ" events in RyeBy Luciana Lopez and Grant Smith NEW YORK (Reuters) – Presidential hopeful Ted Cruz has in the past week been answering questions about a loan he got from Goldman Sachs in 2012. A Reuters analysis of the financial disclosures of the 12 Republicans left in the race to be the party’s candidate in the November presidential election shows that funds run by Goldman have been a favorite investment destination for them. It shows that the Republican candidates and their spouses collectively held 57 Goldman investments, that is more than double the 28 they had from the second most popular source, Vanguard Group, which is one of the world&;s largest investment management firms.

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Big Chipotle investor held steady during stock’s fourth-quarter plunge

A Chipotle logo is seen on a store entrance in Manhattan, New YorkFidelity&;s Contrafund, the biggest mutual fund investor in Chipotle Mexican Grill Inc, held steady in the company during the fourth quarter, even as an outbreak of food-borne illness in the restaurant chain pummeled its shares. "We held steady our investment in Chipotle, a longtime holding, deciding to hang in there, based in part on management&039;s focus on productivity and comparable-restaurant sales," Contrafund portfolio manager Will Danoff said in his most recent commentary for investors. Danoff is one of the mutual fund industry&039;s most influential investors, running a portfolio with $110 billion in assets.

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