Monday, May 24, 2010

* European economy "teetering"


The U.S. economy faces major problems while Europe's is "teetering," the head of General Electric Co (GE.N) told a class of graduating college students on Monday.  "We are at an unprecedented moment in the history of our country. There is economic and social anxiety," said Jeff Immelt, chairman and chief executive of the largest U.S. conglomerate. "Europe appears to be teetering."

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