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GE 1Q earnings up on NBC sale; Europe drags

April 20, 2013

NEW YORK - General Electric's first quarter results were dragged down by deteriorating economic conditions in Europe, highlighting the danger that the region's struggles still pose to the global economy. GE CEO Jeff Immelt said he expected results in Europe to be bad in the quarter - and they were worse. Revenue from the region fell 17 percent compared with last year.



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