General Electric seeks ‘urgent’ asset sales to cut debt: CEO

General Electric Co is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Monday, sending its shares down as much as 10 percent.

…read more

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.

Source:: Reuters – Business News