For the entire third quarter of 2015, Export-Import Bank financing was unavailable to the overseas customers of General Electric and other U.S. exporters. This meant GE and its foreign customers had to seek financing in the private sector, just like most U.S. businesses do.
The results?
Third-quarter industrial revenue grew 4 percent …
Shares, up about 10 percent since activist investor Nelson Peltz unveiled a $2.5 billion stake in the company earlier this month, surged 2.7 percent to $28.80 in afternoon trading. It was the biggest percentage gainer on the Dow Jones Industrial Average …
Aviation revenue increased 5 percent, while revenue in its power and water division, its biggest segment, grew 1 percent.
Hear! Hear!
Timothy P. Carney, The Washington Examiner’s senior political columnist, can be contacted [email protected]. His column appears Tuesday and Thursday nights on washingtonexaminer.com.
