General Electric discovered it was financing a small number of firearm purchases in the wake of the Newtown, Conn., school shootings and has moved to stop future loans.
GE reported a first-quarter profit in line with Wall Street's expectations on Friday, as the conglomerate sold more jet engines and shed its stake in NBC Universal.
GE plans to further expand its holdings in the energy industry by buying oilfield-services provider Lufkin Industries for about $2.98 billion.


