(AP) - Among the earnings stories for Thursday, April 10, from AP Financial
News:
Top stories:
HARTFORD, Conn. (AP) -- General Electric Co. reported a
smaller-than-expected first-quarter profit on Friday and lowered its outlook for
the full year, as a slowing U.S. economy sapped its financial services business.
Its shares tumbled almost 12 percent in morning trading
Other stories:
WINONA, Minn. (AP) -- Fastenal Co. said Friday its first-quarter profit rose
26 percent as the maker of nuts, bolts, studs and other supplies boosted margins
and found ways to limit damage from higher fuel prices.
SEOUL, South Korea (AP) -- Posco, the world's fourth-largest steelmaker,
said Friday that its first-quarter net profit rose 5 percent on better sales and
cost-cutting.
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