Market optimism over the potential for interest rate cuts next year is dangerously overdone, according …
Read More »GE removes Flannery as CEO, takes $23 billion charge for power
General Electric abruptly removed John Flannery as chairman and CEO on Monday and installed Lawrence Culp as his successor. At the same time, GE said it will take a $23 billion non-cash charge for its struggling power business. The industrial conglomerate said it “will fall short of previously indicated guidance …
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