GE Cites Progress Toward Turnaround After Tough Year
 

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General Electric Co. executives said they were making progress in turning around the troubled conglomerate, after the company reported another quarter of weak profits in its core power business and legacy problems in its GE Capital unit.

Larry Culp, who took over as chief executive in October, warned that fixing the power unit would take time and he declined to provide detailed financial targets for the new year.

“2019…




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