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Marketplace Morning Report
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Marketplace

The nest is full

Oct 11, 2019
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General Electric: What's an industrial conglomerate to do?

by Andy Uhler Oct 1, 2018
General Electric told investors Monday it has ousted CEO John Flannery after only about a year in the job. The company said it’s also going to miss profit forecasts this year. These are tough times at one of America’s most…
SEBASTIEN BOZON/AFP/Getty Images

GE to cut 12,000 jobs as demand for fossil fuel power stations falls

by Aaron Schrank Dec 7, 2017
General Electric Co. announced today it’s cutting 12,000 jobs in its core power business worldwide, as demand for coal and other fossil fuels softens. It’s the latest move by new CEO John Flannery to cut costs and turn things around at…