GE profit falls, meets estimates, sells loan unit
Friday July 11, 12:05 pm ET
By Stephen Singer, AP Business Writer
General Electric 2Q profit falls, sells Japanese consumer loan business for $5.4B
HARTFORD, Conn. (AP) -- Industrial and financial conglomerate General Electric Co. said Friday its profit fell 6 percent in the second quarter, and has agreed to sell its Japanese consumer finance business for $5.4 billion.
