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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs
LONDON (MarketWatch)
General Electric on Friday
reported a second-quarter profit of $3.1 billion, or 29 cents a share, down from
$3.8 billion, or 35 cents a share, a year earlier
Earnings from continuing
operations came in at 34 cents a share
Operating profit reached 38 cents
Revenue rose 2% to $36.5 billion
Analysts polled by FactSet Research were
looking for a profit of 37 cents a share in the second quarter, on revenue of
$36.77 billion
The industrial conglomerate affirmed its target of delivering
double-digit-earnings growth in 2012
"Today's results demonstrate that we are
executing on our growth strategy in the midst of a still volatile global
economy," Chairman and CEO Jeff Immelt said in a statement
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