General Electric cuts 700 jobs and braces for worse ahead
Health-care unit posts gains, while fallout from the pandemic sees revenue fall 13% in its aviation and power divisions
29 April 2020 - 16:42
Boston — General Electric said on Wednesday the coronavirus pandemic dealt a $1bn blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months.
GE's share were down 3.5% to $6.56 before midday...
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