General Electric reported a more than $9 billion third-quarter loss, weighed down by accounting charges tied to its restructuring, but its core operations generated cash
General Electric Co. reported a more than $9 billion third-quarter loss, weighed down by accounting charges tied to the industrial conglomerate’s restructuring. But the company’s core operations generated cash in the quarter and GE raised its cash-flow outlook for the year.
Larry Culp, who took over as CEO about a year ago, has been revamping GE with a focus on the company’s power division, cutting its debt and generating cash from its businesses of making jet engines and power turbines.
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