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GE does not rule out hitting $7 bln free cash flow
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GE does not rule out hitting $7 bln free cash flow target before 2023 -CEO
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May 5, 2021 3:39 PM UTC General Electric Co. Chief Executive Larry Culp, who voluntarily gave up his pay during the pandemic last year, drew a salary of $653,409 for the full year. General Electric, AT&T Investors Reject CEO Pay Plans, published at 6:01 p.m. ET on May 4, incorrectly said he gave up his annual salary of $653,409. (END) Dow Jones Newswires Sponsor Center Read More
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By Syndicated Content
By Rajesh Kumar Singh
CHICAGO (Reuters) â General Electric Coâs turnaround plans looked dead in the water to many last spring when its lucrative jet engine business became another victim of the coronavirus pandemic as global air travel dried up.
Shares of the Boston-based industrial conglomerate lost half of their value in the early days of the pandemic. Declining sales put GE, which was already grappling with crushing debt levels and operating challenges, into survival mode â a quick change in focus from investing in profitable growth opportunities.
Since last May, GEâs shares have gained over 145%, outperforming the broader market, as more investors bet its turnaround is gaining traction. They also expect that its businesses in natural gas, wind turbines and renewables will get a big boost as nations and corporations make the transition to a low-carbon economy.
GE s recovery seen poised to gather pace
04/26/2021 | 12:03pm EDT
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CHICAGO (Reuters) - General Electric Co s turnaround plans looked dead in the water to many last spring when its lucrative jet engine business became another victim of the coronavirus pandemic as global air travel dried up.
Shares of the Boston-based industrial conglomerate lost half of their value in the early days of the pandemic. Declining sales put GE, which was already grappling with crushing debt levels and operating challenges, into survival mode - a quick change in focus from investing in profitable growth opportunities.
Since last May, GE s shares have gained over 145%, outperforming the broader market, as more investors bet its turnaround is gaining traction. They also expect that its businesses in natural gas, wind turbines and renewables will get a big boost as nations and corporations make the transition to a low-carbon economy.
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