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General Electric and Iran

June 17th 2008 04:20
Last month Howard Kurtz of The Washington Post wrote a long article analyzing the rants by Bill O'Reily against General Electric. O'Reily has repeatedly said that GE is doing business with Iran, and various GE spokespeople have denied the allegation.

Trying to find original sources is beyond the resources of this writer. Trying to understand today's headline, however, is another matter. As reported in AllHeadlineNews, today's news regarding General Electric is quite bad:


New York, NY (AHN) - JPMorgan Chase & Co. cut its recommendation on General Electric Co., which is the world's biggest maker of electricity generation equipment on Monday.

Shares of GE declined by as much as 2.0 percent to $28.46, which is the steepest decline in more than four years, before it retreated to $28.60.

How do you read all of this? Is it a grudge match of egos, or a real issue on the War against Terrorists?
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