General Electric (NYSE:GE) will be one to watch this morning after announcing better-than-expected second quarter earnings. The company posted an EPS of $0.38, just above analyst expectations of $0.37 a share. Revenue for the quarter rose 2.5% to $36.5 billion, just below analyst expectations of $36.8 billion. The largest U.S. conglomerate didn't change is full-year profit forecast of double-digit growth. The rise in profit they said was due to strong sales of railroad locomotives and electric turbines. GE is seeing a little love from investors. The company's stock is up fractionally to $19.87. For more coverage and analysis of the business world follow us on Twitter @FNNOnline or check out our website at fnno.com.
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Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...