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GE profit rises, helped by power, aviation units

Earnings stood at 51 cents a share for the fourth quarter, up from 31 cents last year.

General Electric's Net Income Falls

General Electric Co (GE) posted a rise in quarterly profit on Friday, helped by its businesses selling power-generating turbines and jet engines, although sales in its oil and gas unit slumped.

The U.S. conglomerate said its fourth-quarter net earnings rose to $5.15 billion, or 51 cents per share, from $3.21 billion, or 32 cents per share, a year earlier.