General Electric Beats Earnings Expectations, U.S. Dollar Drags Results

General Electric (GE) says the stronger U.S. dollar had a $950 million impact on its results in the first quarter. Despite that, it still slightly beat earnings expectations. GE CEO Jeffrey Immelt says they are reshaping the company. Just this week, GE confirmed it would sell most of its financial assets as it transitions to be an industrial company. American Express (AXP) is also blaming the strength of the U.S. dollar for a decline in its international operations. It says the negative impact of losing Costco (COST) will continue to hurt its results in the coming months. Mattel (MAT) responded positively to a smaller loss than expected