by John Biers Agence France-Presse NEW YORK, United States (AFP) – General Electric’s newly-installed chief executive vowed Friday to do whatever it takes to turn around the industrial giant after weak quarterly results initially sent shares plunging. “It’s clear we need to make some major changes,” John Flannery said. “Our results are unacceptable to say the least.” Flannery, who replaced Jeff Immelt over the summer, faced tough questions from analysts after GE reported lower third-quarter earnings and […]
Tag: General Electric
Alstom denies takeover bid from General Electric
French train maker Alstom has denied it has received an official offer for its shares from US engineering group General Electric. The denial, however, doesn’t silence takeover rumors reported earlier. Alstom was not informed of any potential public tender offer for its shares from General Electric, the French turbine and high-speed train manufacturer said Thursday. “The group constantly reviews the strategic options of its businesses,” Alstom said in a statement, adding that an update on […]





