Will economy's fate be set by next two weeks' earnings?


NEW YORK: A long hoped for improvement in the economy appears to be manifesting itself in second-quarter U.S. earnings, but the next two weeks could be the real test.

Companies such as General Electric Co and Intel Corp have reported solid results. In addition, GE believes now is a ripe moment to spin off its private label credit card division in the hopes growing consumer demand will make it more attractive.

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