News You Won't See On MSNBC Tonight: GE Income Plummets

All I can say is keep it up with the teabagging jokes, folks, you're doing a great job driving yourselves into bankruptcy.

General Electric Co.'s (GE) first-quarter net income fell 35% on continued woes at its financial operations.

Meanwhile, Chairman and Chief Executive Jeff Immelt said estimated stress-test results show the conglomerate won't need to raise additional capital. Some results of the tests, intended to indicate whether major financial institutions need to raise more capital, are due to be released by the federal government next month.

The stock rose 3.9% in recent premarket action to $12.75 as the quarter's profit topped analysts' expectations.

Those are some really low expectations.

Meanwhile, NBC News continues to hemorrhage. Becoming the Obama News Network apparently isn't good for business.

Earnings at GE's 80%-owned NBC Universal television and movie operation dove 45% while revenue dropped 2% amid a weak advertising market and fewer major DVD releases than a year earlier.

Maybe they need another government bailout.

Instapundit links. Thanks. He notes this is probably why CNBC promises to be nice to King Obama.