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Sunday
Jul242011

General Electric Reports 21.6 Percent Rise in Second Quarter

General Electric(FAIRFIELD, Conn.) -- General Electric, Co., reported a 21.6 percent profit rise in its second quarter, according to reports.

GE reported that second quarter profits came to $3.69 billion, compared to $3.03 billion a year ago.

Shares in the conglomerate rose two percent in premarket trading.

GE Capital is continuing to recover from the recession, while the company continues to expand overseas, particularly in Asia.

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