GE Earnings Fall Ahead of CEO Transition

General Electric reported lower second-quarter earnings Friday following a mixed performance of its industrial division as outgoing chief executive Jeff Immelt prepares to step down. Net income was $1.2 billion, down 57 percent from the year-ago period. Revenues fell 11.8 percent to $29.6 billion. The results in the 2016 period were boosted by the inclusion … Read more