GE profit falls, but meets forecast

Company mainly blames finance arm for 3rd quarter's 22% decline

By BY STEPHEN SINGER THE ASSOCIATED PRESS

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HARTFORD, Conn. - General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings Friday, meeting its own lowered forecast and blaming the decline on its struggling finance arm.

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This article was published October 11, 2008 at 3:07 a.m.

Business, Pages 38 on 10/11/2008

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