The Hartford Courant - Business - Mar 16, 2010General Electric Company (GE)
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Stephen Tusa
at
JP MorganGE's finance arm,
GE Capital, had been the largest profit driver at the company, but as the financial crisis intensified, it posted mounting losses on growing loan defaults.
On Tuesday, analyst C. Stephen Tusa Jr of JPMorgan said he believes losses at GE Capital are peaking and should begin to decline in the middle of this year.
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<span class="company">GE</span>'s finance arm, <span class="company">GE</span> Capital, had been the largest profit driver at the company, but as the financial crisis intensified, it posted mounting losses on growing loan defaults.<span class="sent"> On Tuesday, analyst C. <span class="analyst">Stephen Tusa</span> Jr of JPMorgan said he believes losses at <span class="company">GE</span> Capital are peaking and should begin to decline in the middle of this year.</span>
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