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GE chief holds upbeat outlook for quarter

On tour, Immelt says military orders should keep Lynn plant stable

GE chief executive Jeffrey Immelt visited the company's aviation plant in Lynn yesterday. GE chief executive Jeffrey Immelt visited the company's aviation plant in Lynn yesterday. (John Tlumacki/Globe Staff)
By Kathy McCabe
Globe Staff / March 25, 2009

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LYNN - Despite credit downgrades, General Electric Co.'s financial services unit is poised to turn a first-quarter profit, and likely will not have any toxic assets to sell off, chief executive Jeffrey R. Immelt said yesterday in an interview at the company's aircraft engine plant. (Full article: 738 words)

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