The Rising Influence of Rising Affluence

[DewDiligence]

General Electric’s fourth-quarter earnings rose 7.5% as the conglomerate said demand in China and other emerging economies offset an "uncertain" outlook in developed markets like the U.S. and Europe. Profit climbed 12% in GE's industrial business, compared with the year-ago period, and the company said orders for big-ticket industrial equipment and services edged up slightly after two quarters of declines.

http://online.wsj.com/article/SB10001424127887323968304578249680745522260.html?mod=djemTAR_t

All told, a solid quarter. However, GE remains too dependent on the finance sub for my tastes; if it ever split off the industrial businesses, I would probably be a buyer.