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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

Shell plastics plant Trump touted faces oversupply risks: energy institute report

A massive Pennsylvania plastics project that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook for the materials, a report by an institute that examines energy issues said on Thursday......»»

Category: topSource: reutersJun 4th, 2020

General Electric says cut 700 jobs in power unit in first quarter

General Electric Co said on Wednesday it had cut 700 jobs in its power division in the first quarter, and that it was on track to reduce capital expenditure by 25% this year......»»

Category: topSource: reutersApr 29th, 2020

Power Brokers: The Biggest Footprints

With 2019 sales topping $1 trillion and transactions up, Power Broker production rose this year, according to RISMedia’s 32nd Annual Power Broker Report, newly released. Power Brokers expected to grow in 2020, as well, with their chief focus r.....»»

Category: realestateSource: rismediaApr 7th, 2020

Economic Report: Manufacturers see new orders plunge to 11-year low as coronavirus spreads, ISM finds

American manufacturers began to feel the brunt of the coronavirus pan.....»»

Category: topSource: marketwatchApr 1st, 2020

Saudi Aramco needs cash with oil prices at a 17-year low — and now it may reportedly sell a piece of its pipeline unit

Associated Press Saudi Aramco may sell a stake in its pipeline business to shore up cash amid the oil-market downturn, Bloomberg report.....»»

Category: topSource: businessinsiderMar 30th, 2020

As Boeing Faces Disaster, Spin Out of Defense Unit Becomes Essential

Due to a lack of orders, unless the government gives its aid, Boeing could become worthless to common shareholders. Regardless, its defense, space and security units have been an ongoing success......»»

Category: blogSource: 247wallstMar 23rd, 2020

Australia"s wine exports could take a hit from coronavirus: industry body

Australia's wine export growth slowed last year and could take another hit in 2020 from the coronavirus outbreak if China, its biggest market, orders fewer crates, a report by an industry body said on Wednesday......»»

Category: topSource: reutersFeb 5th, 2020

Economic Report: Take away the military and durable-goods orders sink 2.5% in at the end of 2019

Orders for long-lasting or durable goods surged 2.4% in December owing to the military, but business investment in the civilian part of the economy declined again to finish the year weakly......»»

Category: topSource: marketwatchJan 28th, 2020

Ending The Small Account Challenge (And The Year) On A High Note

I’m happy to report that the holiday week has been another strong one for my small account challenge, adding another $16,000 and more than quadrupling my buying power from .....»»

Category: blogSource: benzingaDec 27th, 2019

Auto Sales Could Dip for December

Although retail auto sales are expected to dip for the 2019 year, there could be a silver lining, at least according to a report from J.D. Power......»»

Category: blogSource: 247wallstDec 23rd, 2019

Swiss body considers ban on Swatch unit selling parts - Schweiz am Wochenende

A Swatch unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland's Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday......»»

Category: topSource: reutersDec 14th, 2019

Report: Coal production to drop for 2019

Coal production is poised to decline 3 percent worldwide this year led in part by sharp reductions in the U.S. power sector, including this month's closing of the Bruce Mansfield Generation Plant in Beaver County, according to a new report. An ana.....»»

Category: topSource: bizjournalsNov 25th, 2019

Ahead of GE"s earnings, investors are watching the power unit, Boeing and the next CFO

General Electric Co. is set to report its third-quarter earnings early Wednesday morning, with investors hoping to see more signs of progress in the company’s troubled power division. The last time GE (NYSE: GE) reported earnings, in July, CEO L.....»»

Category: topSource: bizjournalsOct 30th, 2019

Airbus faces record fourth-quarter delivery task to hit goal

Airbus shares rose on Tuesday as investors bet a 13.5% rise in nine-month deliveries put it within reach of a full-year goal despite factory snags, while the cancellation of five jets from struggling Norwegian Air took the edge off 41 new orders......»»

Category: topSource: reutersOct 8th, 2019

Transcom enjoys robust GaAs demand for niche device applications

Transcom, a Taiwan-based GaAs chip and foundry company, is expected to report impressive financial results for 2019 thanks mainly to robust orders for niche-market power amplifiers, according to market sources......»»

Category: topSource: digitimesOct 7th, 2019

Kroger to lay off hundreds, as questions about turnaround linger

Shares of Kroger, which also owns Harris Teeter, Ralphs, Fred Meyer, and other brands, are down nearly 9% year-to-date, as it faces heightened competition from discount grocers Aldi and Lidl, as well as Walmart and Albertsons......»»

Category: topSource: moneycentralOct 3rd, 2019

Kroger to lay off hundreds, as questions about its turnaround plan linger

Shares of Kroger, which also owns Harris Teeter, Ralphs, Fred Meyer, and other brands, are down nearly 9% year-to-date, as it faces heightened competition from discount grocers Aldi and Lidl, as well as Walmart and Albertsons......»»

Category: topSource: moneycentralOct 3rd, 2019

Kroger to lay off hundreds, as questions about its turnaround plan linger

Shares of Kroger, which also owns Harris Teeter, Ralphs, Fred Meyer, and other brands, are down nearly 9% year-to-date, as it faces heightened competition from discount grocers Aldi and Lidl, as well as Walmart and Albertsons......»»

Category: topSource: moneycentralOct 3rd, 2019