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HARTFORD, Conn. (AP) -- General Electric Co. reported a smaller-than-expected first-quarter profit on Friday and lowered its outlook for the full year, as a slowing U.S. economy sapped its financial services business. Its shares tumbled almost 12 percent in morning trading
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WINONA, Minn. (AP) -- Fastenal Co. said Friday its first-quarter profit rose 26 percent as the maker of nuts, bolts, studs and other supplies boosted margins and found ways to limit damage from higher fuel prices.
SEOUL, South Korea (AP) -- Posco, the world's fourth-largest steelmaker, said Friday that its first-quarter net profit rose 5 percent on better sales and cost-cutting.
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