Edition:
United Kingdom

Alwyn Scott

Explainer: Change to 737 MAX controls may have imperiled planes, experts say

22 Mar 2019

NEW YORK/SEATTLE Much like tapping the brake pedal in a car to disengage cruise control, a sharp tug on the controls of older models of Boeing Co's 737 used to shut off an automatic trim system that keeps the plane flying level, giving the pilot control.

Change to 737 MAX controls may have imperiled planes, experts say

22 Mar 2019

NEW YORK/SEATTLE Much like tapping the brake pedal in a car to disengage cruise control, a sharp tug on the controls of older models of Boeing Co's 737 used to shut off an automatic trim system that keeps the plane flying level, giving the pilot control.

General Electric CEO sets low 2019 profit targets, vows better from 2020

14 Mar 2019

General Electric Co Chief Executive Larry Culp on Thursday set conservative profit targets for this year and staked his reputation on hitting them and doing better in 2020 and beyond, igniting a rally in the stock.

What General Electric investors want from CEO on Thursday

14 Mar 2019

NEW YORK 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.

GE seeks better insurance returns in junk bonds, other risk assets

07 Mar 2019

NEW YORK General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives said on Thursday.

GE's CEO warns of negative industrial cash flow in 2019, shares drop

05 Mar 2019

General Electric Co's chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial businesses this year mainly due to its ailing power-plant unit, a gloomy outlook that sent shares and bonds tumbling.

RPT-Will $14.5 bln plug GE's long-term care insurance hole? Some experts say 'No'

05 Mar 2019

NEW YORK, March 4 General Electric Co is setting aside one of the largest amounts ever to cover potential losses on policies that provide long-term care in nursing facilities and patients' homes. But insurance experts are concerned that may not be enough.

Will $14.5 billion plug GE's long-term care insurance hole? Some experts say 'No'

04 Mar 2019

NEW YORK General Electric Co is setting aside one of the largest amounts ever to cover potential losses on policies that provide long-term care in nursing facilities and patients' homes. But insurance experts are concerned that may not be enough.

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