Latest in Tag: General Electric Highlight

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Latest in Tag: General Electric

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How General Electric became a general disappointment

Turbines built by GE create a third of the world’s electricity. But with a $9.8 billion loss and the looming risk of dropped from the Dow, GE is in a real-time meltdown. From New York Lindsey Rae Gjording reports.General Electric (GE) has a real spending problem. Although the American engineering conglomerate claimed not to overcompensate …

Deutsche Welle

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GE’s CEO outlines plan to spin-off its businesses

General Electric (GE)’s CEO John Flannery indicated on Tuesday that he was planning to find ways to increase the value of the company’s power, aviation, and healthcare sectors, after reporting $10bn in losses in its latest quarter. Reuters reported that Flannery responded to an analyst question on the subject by noting the possibility of “separately …

Forbes Middle East