GE power CEO reveals problem with new turbine model, shares drop

September 20, 2018 admin Business News Comments Off on GE power CEO reveals problem with new turbine model, shares drop

General Electric Co shares fell sharply on Thursday after the chief of its power division revealed a problem with its newest line of natural gas-fired power turbines, prompting J.P. Morgan to cut its price target for GE’s underperforming stock.

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Source:: Reuters – Business News

      

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