GE energy unit rebounds as Mideast orders increase

Article Abstract:

The Middle East continues to be a key emerging market for General Electric Co.'s energy business, with $1.8 bil in anticipated new orders in addition to $2 bil in power plant projects previously announced. GE's revenue for the Middle Eastern market has increased between 15% to 20% per year, with sales expected to hit $50 bil by 2010.

Forecasts, trends, outlooks, Contracts & orders received, Middle East, Contracts & orders let, Contracts, Energy industries, Energy industry, Contract agreement, Company business forecast/projection, Company forecasts

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GE tax boon clouds profit picture: company overestimated rate, paying out less than projected; a cushion for weak operations

Article Abstract:

General Electric Co. has miscalculated its tax rate, resulting in lower tax payments in 2006. This will have a negative impact on the company's yearly profit .

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Sales, profits & dividends, Taxes, Taxation, Electrical equipment and supplies industry, Electric equipment industry, Company sales and earnings, Company earnings/profit

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