I'm watching The Courier-Journal in Louisville, Ky., handle a big, late-breaking story; updates as warranted.Calling it one of the longest-running businesses in GE's 120-year history, The New York Times' DealBook blog attributes its story to a "person" briefed on the matter today. "The announcement comes as GE’s chief executive, Jeffrey Immelt, tries to fix the troubled conglomerate, which has been hit unexpectedly hard by the credit market’s decline and the slumping economy,'' the blog says.
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