4.11.2008

eneral Electric Co. dropped the most since the 1987 stock market crash


"April 11 (Bloomberg) -- General Electric Co. dropped the most since the 1987 stock market crash after reporting an unexpected decline in profit just a month after Chief Executive Officer Jeffrey Immelt assured investors 2008 earnings would be met.

GE declined as much as 13 percent in New York trading, wiping out about $46 billion in value, or more than the 2006 gross domestic product of Ecuador."