GE sees big payoff from energy

Investor's Business Daily

General Electric (GE) said it expects annual profit from its energy financing and related investments to double to nearly $800 mil by 2020, according to a Reuters report. GE is in talks to buy the global power unit of Alstom, a French builder of steam turbines for nuclear plants, for $10 bil, sources told Reuters. Shares were up 0.5% to 26.58.

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