General Electric posts $13.6 bn net loss in 1st quarter

April 17, 2015 6:03 PM

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General Electric said Friday that it posted a net loss of $13.6 billion in the first quarter of 2015, a result attributable to a one-off charge related to the divestiture of the bulk of its financial services unit.

The conglomerate, which manufactures a broad range of products, from aircraft engines to kitchen appliances, and also provides financial services, recorded a net income of $3 billion in the first quarter of 2014.

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