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GE power unit faces three-year turnaround despite orders report

General Electric Co expects its core power-plant business to lose significant cash this year and does not expect large improvement in that unit's cash flow margins for at least three years, the company's chief financial officer said on Wednesday......»»

Category: topSource: reutersMay 15th, 2019

GE Seeks Power Sales in Iraq, but Report Spotlights Corruption Concerns

General Electric is seeking sales for struggling power unit, but faces a dilemma with Iraq, according to a consultant’s report prepared for the company. The nation needs multimillion-dollar gas turbines—and poses corruption problems......»»

Category: smallbizSource: wsjNov 19th, 2018

GE Cites Progress Toward Turnaround After Tough Year

General Electric said it was making progress in turning around the troubled conglomerate, after the company reported another quarter of weak profits in its core power business and legacy problems in its GE Capital unit......»»

Category: smallbizSource: wsjFeb 1st, 2019

Wedbush Calls Tesla A "Code Red Situation" Sending Stock Crashing To 3 Year Low

Tesla shares look as if they are about to spontaneously combust in pre-market trading, set to plummet below $200 for the first time in three years, after Wedbush published a research report saying that the company faces a "K.....»»

Category: blogSource: zerohedge13 hr. 26 min. ago

GE"s power unit to be "significantly" cash flow negative this year: CFO

General Electric Co expects its core power-plant business to lose significant cash this year and does not expect large improvement in that unit's cash flow margins for at least three years, the company's chief financial officer said on Wednesday......»»

Category: topSource: reutersMay 15th, 2019

National Houston-based retailer Francesca"s updates store-closure plans, other turnaround efforts

Houston-based boutique retail chain Francesca’s Holding Corp. (Nasdaq: FRAN) released its delayed earnings report on May 3, as expected. On a conference call to discuss fourth-quarter and full-year results for fiscal 2018, which ended Feb. 2, int.....»»

Category: topSource: bizjournalsMay 5th, 2019

IPO Report: IPO market faces biggest week of 2019 so far with Pinterest, Zoom and Greenlane on tap

The initial public market is bracing for its biggest week of the year so far with eight deals on tap expected to raise $2.5 billion in proceeds......»»

Category: topSource: marketwatchApr 16th, 2019

BLU makers Radiant, Coretronic report strong sales for March

Backlit unit (BLU) makers Radiant Optoelectronics and Coretronic have both reported strong sales for March, driven by robust BLU orders for Apple's 7.9-inch iPad mini and 10.5-inch iPad Air, according to industry sources......»»

Category: topSource: digitimesApr 11th, 2019

Economic Report: U.S. factory orders fall for the fourth time in five months, reflecting economic slowdown

Factory orders in the U.S. fell in February for the fourth time in five months, reflecting a slowdown in the economy that began late last year and carried on through the early part of the new year. Orders dropped 0.5% in the month......»»

Category: topSource: marketwatchApr 8th, 2019

Arizona solar industry credited with $9.4B in economic impact, thousands of jobs

In a 16-year span, Arizona's solar industry put thousands of people to work building power plants, and it was particularly helpful in rural areas, according to a new report......»»

Category: topSource: bizjournalsApr 3rd, 2019

3 Highlights From Kohl"s 2018 Annual Report

The No. 2 U.S. department-store chain made a lot of progress on its turnaround last year......»»

Category: topSource: foxnewsApr 1st, 2019

Earnings Outlook: Micron earnings: As memory-chip glut persists, can forecast raise hopes?

Micron Technology Inc. faces a much-lowered bar when it comes to quarterly results in the coming week, but investors will be keen on any signs of a turnaround in the memory chip market later in the year......»»

Category: topSource: marketwatchMar 15th, 2019

GE to ‘reset’ this year, start turning around over the next two years

General Electric Co. confirmed that 2019 will be a “reset” year, with cash flow and its struggling power business the main drags, as the company looks to start its turnaround next year and start growing in 2021......»»

Category: topSource: marketwatchMar 14th, 2019

GE to "reset" this year, start turning around over next 2 years

General Electric Co. confirmed that 2019 will be a “reset” year, with cash flow and its struggling power business the main drags, as the company looks to start its turnaround next year and start growing in 2021......»»

Category: topSource: moneycentralMar 14th, 2019

What General Electric investors want from CEO on Thursday

Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit......»»

Category: topSource: reutersMar 14th, 2019

What General Electric investors want from CEO on Thursday: Clarity

Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit......»»

Category: topSource: reutersMar 14th, 2019

Falling Unemployment Could Pressure Fed to Move Faster

Friday’s jobs report illustrates the challenge the Fed faces this year as the economy enters a more delicate phase for setting interest-rate policy. It also shows why officials are split over whether to raise rates three or four times this year......»»

Category: smallbizSource: wsjMay 4th, 2018

North Korean state media’s most famous announcer is a 74-year-old grandmother who Trump said should be on US cable news

KIM WON-JIN/AFP/Getty Images Ri Chun Hee, one of the most recognizable faces in North Korea, has resurfaced to report on Ki.....»»

Category: topSource: businessinsiderJun 15th, 2018

GE nears deal to sell Industrial-Engines Unit to private-equity firm - report

GE is aiming to sell $20 billion in assets by end of next year......»»

Category: topSource: foxnewsJun 25th, 2018

General Electric nears sale of its power unit to Advent, report says - The Boston Globe

The Boston GlobeGeneral Electric nears sale of.....»»

Category: topSource: googlenewsJun 25th, 2018

Furniture report: High Point Market yields unexpected results for April orders

New furniture orders rose 15 percent in April compared to orders a year earlier, thanks to a boost from the spring High Point Market, according to the latest survey of residential furniture manufacturers and distributors by High Point-based accounting.....»»

Category: topSource: bizjournalsJun 29th, 2018