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Billionaire Joshua Kushner just bought the Lakers for $12.5 billion—OpenAI's Sam Altman once said he 'doesn't care' what others think

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U.S. set to pay most for 30-year debt in quarter of a century

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Google cofounder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses
FinanceGeneral Electric

GE profit rises, helped by power, aviation units

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Reuters
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Ben Geier
Ben Geier
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By
Reuters
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Ben Geier
Ben Geier
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January 23, 2015, 8:05 AM ET
General Electric's Net Income Falls
FORT LAUDERDALE, FL - JANUARY 23: The GE logo is displayed on a General Electric appliance at Fortney's Appliance store on January 23, 2009 in Fort Lauderdale, Florida. General Electric Co. posted over a 40 percent drop in fourth-quarter earnings. (Photo by Joe Raedle/Getty Images)Photograph by Joe Raedle — Getty Images
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General Electric Co (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.

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.

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