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Earnings roundup: General Electric, Baker Hughes

The Associated Press

Among the earnings stories for Friday, July 19, from AP Business News:

— General Electric Co. posted a slight gain in net income in the second quarter and said its U.S. operations are picking up steam. GE, based in Fairfield, Conn., has a broad view of the global economy because it sells a wide variety of industrial equipment and appliances around the world, including jet engines, medical diagnostic equipment, locomotives, washing machines, natural gas-fired turbines, and oil and gas drilling equipment.

— Oilfield services company Baker Hughes Inc. said that its second-quarter profit fell 45 percent as it cut operations in Brazil and Mexico.