GE power unit faces three-year turnaround despite orders report

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......»»

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......»»

Boeing’s Defense, Space & Security unit reported $151 million in earnings in the first quarter this year, a turnaround from a $212 million loss in the same period of 2023......»»

Power supply maker AcBel Polytech has landed orders for electric vehicle (EV) components from two clients, with production to begin at year-end 2021, according to company president Jerry Hsu......»»

What a difference a year makes. This t.....»»

As Florida has spent the past year combating Covid-19, the state House is considering a proposal that would restrict local government orders involving public-health emergencies — a measure that backs the power of Gov. Ron DeSantis. In a 12-6 .....»»

A specter stalks Democrats on Capitol Hill: the possibility of a two-year, effectively 730-day presidency for Joe Biden, if Republicans win the House and gain the power to block legislation in the 2022 midterm elections......»»

U.S. Treasury yields rise Tuesday, starting the holiday-shortened week on a bearish footing as traders flee from longer-dated government bonds amid expectations for vaccines and fiscal spending to power the economy through the pandemic......»»

U.S. Treasury yields rose Tuesday before the runoff elections for Georgia's two U.S. Senate seats which could decide the balance of power in Washington and President-elect Biden's future legislative agenda......»»

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......»»

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.....»»

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

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

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......»»

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......»»

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......»»

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 .....»»

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......»»

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......»»

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.....»»