Thursday, May 06, 1999
TRISTATE MARKET SPOTLIGHT
Profit projection sparks GE shares
General Electric Co. rose $4.061/4, or 3.87 percent, to $109 after the company's chairman told analysts that GE's per-share profit in 1999 will “at least” meet analysts' expectations for a 14 percent increase. GE made $2.80 a fully diluted share in 1998 and is expected to earn almost $3.20 in 1999.
Chairman John F. Welch attributed the rise to service contracts and acquisitions. Mr. Welch said will boost its operating profit margin in the second quarter to “19 percent plus” from 18 percent a year ago.
Cincinnati Bell gets ready for strike
Bell gets OK to operate in 55 counties
Tristate dollar goes a long way
Report: Region basks in glow of robust economy
P&G's Prell brand looking for a buyer
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: REAL ESTATE
COMMERCIAL REAL ESTATE TRANSFERS
PEOPLE ON THE MOVE
TRISTATE MARKET SPOTLIGHT
