No Apologies Offered

Jeff Immelt continued to assess GE's Q4 performance.In his view,GE did well under the toughest conditions of his lifetime.We're not gonna apologize for our Q4 results,he stated.We have cash for mergers and acquisitions if conditions warrant.We're gonna lend money.We want to kind of stick it out and see what happens.Our businesses are good businesses:energy,health,aviation,lending.When the fog lifts someday,you've gotta like this company.We're good at things it pays to be good at.Nonetheless,the layoff cycle hasn't ended yet.You've got to count on that continuing in the coming months,Mr.Immelt cautioned.