GE Income Up 52 Percent In 4Q

NEW YORK — General Electric Co. said Friday its fourth-quarter income increased 52 percent on strong growth in equipment orders and an improvement in its lending business.The industrial and financial giant reported net income of $4.46 bill…

NEW YORK — General Electric Co. said Friday its fourth-quarter income increased 52 percent on strong growth in equipment orders and an improvement in its lending business.

The industrial and financial giant reported net income of $4.46 billion, or 42 cents per share, for the final three months of the year. That compares with $2.94 billion, or 28 cents per share, for the same period in 2009.

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