General Electric warned on Wednesday that 2018 will be another challenging period for GE Power and could shape up to be an even worse year than expected for the embattled business unit.
GE’s power unit, which focuses on selling and servicing equipment to power plants, is one of three units the conglomerate is focusing on as it aims to streamline its business. But while executives crowed about the fourth quarter performance of the other two core units, health care and aviation, they pointed to power as a drag on virtually every financial metric and signaled a rocky 12 months ahead.
“We said ’17 is…
Read the full article at: https://www.cnbc.com/2018/01/24/ge-warns-2018-could-be-worse-than-expected-for-its-power-business.html