GE Infrastructure

GE Profitable Again In Q1; Oil Earnings Fall

by

Higher power and aviation earnings helped General Electric return to profitability in the first quarter as it announced plans Friday for cost cuts this year and next. But the industrial conglomerate, under pressure from activist Trian Partners to boost profitability, reported lower earnings in the oil and gas business and described conditions in the sector … Read more

GE Profitable Again In Q1; Oil Business Still Weak

by

General Electric swung back to profitability in the first quarter Friday as its aviation and power businesses scored strong operating profits growth. GE, which suffered a modest loss in the year-ago period due to costs associated with asset sales, reported $619 million in profits in the three months ending March 31. Operating profits growth was … Read more