General Electric

General Electric Profits up 16 Percent

Made a $3.53 billion profit in the first quarter

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General Electric has reported a 16% rise in first quarter profits, helped by a one-off gain from the sale of its stake in NBC Universal.

It made a profit of $3.53bn (£2.3bn) in the quarter, up from $3.03bn last year. Revenue was flat at $35bn.