G.e. Posts Strong Profits -- Aided By Nbc
General Electric reported solid earnings in its third quarter, showing a 14-percent jump in net profit to $5.54 billion. Analysts had looked to the report as an indication of what the company might do with its struggling NBC network and Universal Studios. But G.E. Chairman Jeffrey Immelt said in the earnings report, "NBC Universal posted its fourth straight quarter of segment profit growth, highlighted by the successful launch of its new, prime-time television line-up, a strong cable performance and a slate of popular summer films." The entertainment units reported a 9-percent increase in profits on a 3-percent increase in revenue.