GE stock rises while indexes fall

General Electric Co. stock Thursday posted its first gain of the week after its chief financial officer said the company’s troubled GE Capital unit will earn a profit this year.

NEW YORK (AP) — General Electric Co. stock Thursday posted its first gain of the week after its chief financial officer said the company’s troubled GE Capital unit will earn a profit this year.

Keith Sherin’s comments came after four straight days of declines during which shares of the Fairfield, Conn., conglomerate tumbled to an 18-year low on concern about how much exposure GE Capital has to toxic debt.

Those worries, which have fueled speculation that GE will need to secure outside funding, have chopped shares by about 60 percent since the beginning of the year.

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