GE Slashes Annual Forecast Following Decline in Adjusted Profit
General Electric decided to cut its annual earnings forecast after reporting on Tuesday a 19% drop in adjusted quarterly profit. The company cites supply bottlenecks, inflation, and a decline in its renewable energy business as the main reasons for this decline.
The U.S. manufacturing giant...
General Electric Reveals Names For 3 Companies it Will Split Into
Multinational conglomerate General Electric (GE) is approaching its 2023 deadline for splitting into three separate companies. Ahead of that deadline, GE unveiled the names of all three entities: GE HealthCare, GE Vernova, and GE Aerospace.
"Today marks a key milestone in GE's plan to become...