STREET BEAT: General Electric's first-quarter net income beat Wall Street expectations on a strong performance from the conglomerate's industrial businesses. Earnings fell 12 percent to $3.03 billion, or 29 cents per share. But excluding charges, GE earned 34 cents in the quarter, a penny better than analysts' estimates.
CHARGED UP: GE's manufacturing operation rebounded following the global recession. Operating profit at its industrial businesses, which include transportation, health care and energy infrastructure, rose by 10 percent.
TAKING ORDERS: orders for locomotives, aircraft engines and other industrial equipment grew by double-digit rates for the quarter.