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GE reported its first quarterly decline in profit since 2003. Profit from continuing operations dropped to $4.36 billion, or 44 cents a share, from $4.93 billion, or 48 cents, a year earlier. GE was expected to earn 51 cents a share, according to analyst expectations. The conglomerate pointed out that the tightening of the markets caused it to cut the value of some securities because of slowing demand and blocking some asset sales. Meanwhile, Google Inc. [GOOG] pulled back slightly as the tech giant reportedly hired Qatalyst Group, a Frank Quattrone's investment bank, to provide advice on the ongoing battle between Microsoft Corp. and Yahoo! Inc. However, all was not gloomy on the markets for Deal Stocks as healthcare management company TriZetto Group Inc. [TZIX] shot up nearly 14% on news it is being acquired by buyout shop Apax Partners for $1.4 billion. Shareholders will receive $22 per share in cash, representing a 25% premium over TriZetto's closing price Thursday of $17.67, said the company in a statement. Lastly, Delta Air Lines Inc. [DAL] was up slightly as the company reportedly reached a tentative agreement with its pilot union, which would aid in a possible merger with Northwest Airlines Corp.[NWA]. - Gerald Magpily See Bloomberg article
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