News Summary: GE 2Q earnings drop 16 pct

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BACK TO ITS ROOTS: General Electric Co. has tried to focus more on energy and manufacturing since the recession. It has pumped billions of dollars into new energy-related businesses during the past few years while selling its stake in NBC, commercial real estate and other businesses.

2Q PAYOFF: Profit at GE’s energy infrastructure business increased 13 percent to $1.76 billion in the second quarter. GE said it shipped 726 wind turbines in the quarter, more than double what it shipped in the same quarter a year earlier. New orders for wind turbines have dropped off since then, however, reducing GE’s infrastructure order backlog by 1 percent.

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