GE CFO says economy &quot;pretty good,&quot; outlook steady
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A top executive at General Electric Co   said on Tuesday the world&#39;s industrial economy remains  &quot;pretty good,&quot; orders have risen so far through the third  quarter and he reiterated the company&#39;s profit forecast.
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The country's top corporate executives foresee pretty good business prospects even as the economy makes its way through a sluggish spell.
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Investor's Business Daily - The economy continues to grow at a decent clip with inflation well in hand, Federal Reserve Chairman Alan Greenspan told Congress Wednesday.
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U.S. economic growth will remain steady in the next year as inflation moderates, the U.S. Chamber of Commerce forecast on Thursday, brushing aside concerns that the downturn in housing could spark a full-blown recession.
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U.S. chief executives and chief financial officers expect continued growth in the economy, even as major indexes wobble on investor anxiety, according to a pair of quarterly surveys released on Wednesday.
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The companyâs strong quarterly results and optimistic outlook suggests that a weakening economy will not slow it down.
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Consumers&#39; assessment of the economy held largely steady this month, according to a university research report released Friday.
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Employment climbed at a steady pace in December, suggesting the economy is on a solid footing but that employers are still cautious about hiring.
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General Electric Co.&#39;s (GE) third-quarter earnings inched up 1 percent as strength across many of its financial and industrial businesses outweighed hurricane-related insurance losses, the company said on Friday.
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Investor's Business Daily - President Bush said the long-term outlook was bright despite current troubles. "Given the economy's strong basic structure, free mobility of labor, relatively low taxes, well-balanced capital markets and openness to trade, prospects for continued growth in the years ahead remain good," said a report by Bush's Council of Economic Advisers. The White House stuck to its forecast for 2.7% growth in '08, far above the 1.6% predicted by private-sector economists.
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Boston Acoustics' quarterly results sound good, but is there steady growth?
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General Electric Co.  posted a 9.6  percent rise in quarterly profit Friday on good results in its  commercial finance business and strong demand for products  ranging from jet engines to gas turbines.
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Consumers' assessment of the economy held largely steady this month, according to a university research report released Friday.
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The company cited growth in its global business, supply chain and freight unit, as well as modest growth in its U.S. package business despite a sluggish economy.
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One analyst expects to evidence of stable economic growth this week, confirming his rosy outlook for the economy and the stock market.
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Federal Reserve Governor Susan Bies on Thursday delivered an upbeat assessment of the U.S. economy, saying both the household and business sectors appeared to be in good shape.
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The outlook for U.S. employment  remains stable for the rest of 2006 despite negative factors  like rising interest rates and energy prices, a quarterly  survey reported on Tuesday.