Power, Aviation Units Boost General Electric Profit


General Electric Co (NYSE:GE) posted a rise in quarterly profit on Friday, helped by its businesses selling power-generating turbines and jet engines, although sales in its oil and gas unit slumped.

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The U.S. conglomerate said its fourth-quarter net earnings rose to $5.15 billion, or 51 cents per share, from $3.21 billion, or 32 cents per share, a year earlier.

(Reporting by Lewis Krauskopf; Editing by Lisa Von Ahn)