GE profit drops, meets lower forecast HARTFORD, Conn. — General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings Friday, meeting its own lowered forecast and blaming the decline on its struggling finance arm, which has been hammered by the worst financial crisis since the 1929 market crash. GE, which makes everything from jet engines to water-treatment systems and owns NBC Universal, reported net income of $4.3 billion, or 43 cents per share, compared with $5.56 billion last year. Sales rose 11 percent to $47.23 billion. — The Associated Press Chain wins OK to auction or sell Linens ’n Things Inc., the bankrupt housewares retailer, won court permission to hold an auction to liquidate or sell the company intact so it can stay in business. Under rules approved Friday...
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