Dont look now but I just saw this posted on Bloomberg
Nov. 18 (Bloomberg) -- General Electric Co., the world's biggest company by market value, raised its earnings forecast and boosted a share buyback program following the sale of its reinsurance business to Swiss Reinsurance Co. for $6.8 billion.
Earnings from continuing operations are likely to be $1.92 to $2.02 a share in 2006, representing growth of 12 to 17 percent, the Fairfield, Connecticut-based company said in a statement today. Previous guidance was for a 10 to 15 percent gain.
GE is very heavily weighted on the Dow. This market may blow its lid off tonight.
