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GE Fell ~5%, CEO Warned about a Negative Cash Flow in 2019
On March 5, General Electric (GE) shares fell ~5% after CEO Larry Culp warned about a negative industrial FCF (free cash flow) in 2019.
General Electric Rose ~4%, Most Gas Turbine Orders in 2018
General Electric (GE) shares rose ~4% on February 13. The company’s Power division had the most orders for gas turbines in 2018.
French Government Fined GE $57 Million for Not Meeting Job Target
The French government has fined GE 50 million euros for failing to keep the job creation promise it made during the acquisition of Alstom Power Systems.
How Will General Electric’s Power Segment Perform in Q4?
Wall Street analysts expect GE’s Power segment to continue underperforming and to report a massive fall in fourth-quarter revenue.
General Electric to Cut 468 Jobs across Power Division in France
General Electric (GE) is planning to lay off 468 employees in its power division in France.
GE Brings New Leadership to Revamp Ailing Power Business
In mid-November 2018, General Electric’s (GE) newly appointed CEO Larry Culp announced a leadership shuffle to help turn around the company’s ailing Power business.
Why General Electric’s Troubled Power Business Hurts Its Growth
Once General Electric’s (GE) main growth engine, the Power segment is struggling to cope with changing industry dynamics.
GE Shuffles Leadership to Revamp Struggling Power Unit
Yesterday, General Electric (GE) announced a leadership shuffle to help turn around its ailing power business.