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Financial and Gas Turbine Blade Troubles Plague GE Power

February 7, 2019 admin 2018 earnings, blade issues, bouchain, Business, chubu, Coal, culp, EDF, Exelon, Gas, ge, ge power, History, Market, market demand, Markets, news, Nuclear, products, Renewables, Services, technical glitches, Technology, timeline, turbines

Credit to Author: Sonal Patel| Date: Thu, 07 Feb 2019 14:27:09 +0000

GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship gas turbine model, and poor project execution. Despite a series of divestments and corporate reshuffles, including of leadership, for the 12 months that ended on […]

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Business and Leadership Shakeups Continue at GE

November 22, 2018 admin baker hughes, Business, culp, flannery, ge, ge power, innio, Markets, news, reorganization

It’s been a tumultuous couple of years for GE. The company’s stock price has been decimated by the market, decreasing more than 75% from a high of nearly $32 a share as recently as December 2016. Dow Jones removed the company from its benchmark Industrial Average in June, and GE’s Board of Directors sacked CEO […]

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