General Electric reported a profitable fourth quarter Thursday amid a big annual loss as it announced a preliminary $1.5 billion settlement with US officials over subprime mortgages. Profit for the fourth quarter was $574 million, compared with a loss of $11 billion in the year-ago period due to one-time expenses, including for US tax reform. The once-mighty industrial giant, which was thrown out of the prestigious Dow index last year amid a prolonged slump, continued to struggle in its power division, which suffered an $872 million loss.
from Yahoo News - Latest News & Headlines https://yhoo.it/2HGWqKl
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