MSNBC employees will get a hefty bonus because GE is doing well

http://isp.netscape.com/lcisp/home/story.jsp?flok=FF-APO-1333&idq=/ff/story/0001%2F20050415%2F1650778540.htm&sc=1333&floc=isp-42&related=off&from=money
===================================================================

With Wall St suffering the worst day in two years yesterday, all of corporate America is not in a slump. Consider the giant defense contractor and owner of NBC and MSNBC TV, General Electric. The employees, such as Chris Matthews and all the other peons, must be very happy today. You might notice it in their tone of voice?

================================================================

<snip>
STAMFORD, Conn. (AP) - General Electric Co. said Friday that first-quarter profit rose 25 percent from a year ago, powered by recently acquired health care and entertainment businesses, growing global sales and renewed strength across most of its businesses.

Net income grew to $4.04 billion, or 38 cents per share, for the three months ended March 31 from $3.24 billion, or 32 cents per share, a year ago. Revenue increased 19 percent to $39.8 billion from $33.4 billion last year.

The Fairfield-based industrial, financial and media powerhouse said nine of its 11 businesses delivered at least double-digit earnings growth.

``We're seeing broad-based strength for the company,'' Jeff Immelt, GE's chief executive, said during a conference call with analysts. ``We think we have really strong momentum for the rest of this year and into the future.''