by CalculatedRisk on 9/25/2008 08:29:00 AM

The WSJ reports: GE Cuts Earnings Forecast, Suspends Stock Buyback that GE lowered its earning guidance, suspended its stock buyback, and will probably not increase its dividend.

[GE cited] "unprecedented weakness and volatility in the financial-services markets," and ... issued a harrowing projection for the economy, as predicting "that difficult conditions in the financial-services markets are not likely to improve in the near future."