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