January 22, 2010
Jan. 22 (Bloomberg) — Charles Ortel, managing director of Newport Value Partners, talks with Bloomberg’s Betty Liu about the outlook for General Electric Co. GE’s fourth-quarter profit exceeded analysts’ estimates as the order backlog rose and the company benefited from a tax gain and cost-cutting efforts including job reductions. Ortel also discusses Berkshire Hathaway Inc.’s strategy in Kraft Foods Inc. and Burlington Northern Santa Fe Corp. (Source: Bloomberg)
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January 22, 2010
Jan. 22 (Bloomberg) — Nicholas Heymann, an analyst at Sterne Agee & Leach Inc., discusses the outlook for General Electric Co. General Electric reported today that fourth-quarter profit exceeded analysts’ estimates as the order backlog rose and the company benefited from a tax gain and cost-cutting efforts including job reductions. Profit from continuing operations fell 22 percent to $3.03 billion, or 28 cents a share, from $3.87 billion, or 36 cents, a year earlier, GE said in a statement. (This is an excerpt of the full interview. Source: Bloomberg)
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