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

The company has discovered an “oxidation issue” that affects the lifespan of blades in its HA-Class turbines, a major product for GE’s power division, GE Power Chief Executive Russell Stokes said in a letter posted on LinkedIn. “Obviously, this was a frustrating development, for us, as well as for our customers,” Stokes said in the blog, first posted on Wednesday, adding that the company had implemented a fix that had the turbines working within targeted parameters. J.P. Morgan analyst Stephen Tusa said in a research note on Thursday that the problem appeared to have resulted in a broken …read more […]

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A former exec at Google and Facebook doesn't just expect job candidates to negotiate their offer — she hopes they will

Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler said she always expects job candidates to negotiate their job offer because it shows how they’ll behave once they get hired. Negotiating a job offer is a notoriously harrowing process, especially if you’ve never done it before and assume the world will explode if you request a dollar more. …read more […]

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Women supporting Kavanaugh find themselves in storm’s center

It started as a series of phone calls among old high-school friends and ended up embroiling 65 women in the firestorm over a sexual assault allegation that could shape the Supreme Court. In a matter of hours, they all signed onto a letter rallying behind high court nominee and their high school friend Brett Kavanaugh as someone who “has always treated women with decency and respect.” And they signed up, whether they anticipated it or not, for becoming a focus of scrutiny themselves. The powerful strength-in-numbers statement, offered to bolster Kavanaugh’s denial of a claim that he attacked …read more […]

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Amazon considering opening up to 3,000 cashierless stores by 2021 – Bloomberg

Shares of U.S. supermarket chains Kroger Co (KR.N) and Target Corp (TGT.N) fell between 1 and 2 percent following the news. Amazon shares were down about 1 percent. The company currently has three Amazon Go stores in Seattle, and plans to expand in Chicago, San Francisco and New York. …read more […]