Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
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Themuslimchronicle, themuslimchronicle
Sunday 29 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

John Flannery

Crisis-stricken GE to unveil painful roadmap to recovery

Themuslimchronicle, themuslimchronicleCrisis-stricken GE to unveil painful roadmap to recovery284284/84
New York - AFP
Iconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its empire again, selling major business segments and laying off thousands. Hammered by financial markets, with its market capitalization down more than $100 billion since January, the maker of jet engines and power turbines is paying dearly after making losingRead more

New GE chief vows turnaround after 'unacceptable' results

Themuslimchronicle, themuslimchronicleNew GE chief vows turnaround after 'unacceptable' results280803/335
New York - Muslimchronicle
 General Electric's newly-installed chief executive vowed Friday to do whatever it takes to turn around the industrial giant after weak quarterly results initially sent shares plunging. "It's clear we need to make some major changes," John Flannery said. "Our results are unacceptable to say the least."   Flannery, who replaced Jeff Immelt over the summer, faced tough questions from analystsRead more

GE tumbles on worries about its outlook

Themuslimchronicle, themuslimchronicleGE tumbles on worries about its outlook274808/85
New York - AFP
Shares of General Electric tumbled Thursday on worries that weak activity in its key electricity and oil and gas businesses could hit earnings much harder than investors expected. The industrial conglomerate sank 3.9 percent to $23.95 in midday trading following a bruising appraisal of the company's prospects by analysts at JPMorgan Chase. Analysts on average expect GE to earn aboutRead more

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