General Electric expects additional charges due to corona virus

General Electric The corona crisis hits the company in an already difficult phase. (Photo: Reuters) new York The US conglomerate General Electric (GE) is feeling the effects of the corona virus crisis: CEO Larry Culp expects cash flow charges of $ 300 to $ 500 million in the first quarter. Operating earnings will be up […]

GE projects hit coronavirus in the first quarter, backs full-year goals

General Energy Co. GE 0.51% He said the coronavirus epidemic would reduce the company’s first quarter free cash flow by $ 300 million to $ 500 million, but he backed his year-round goal for closely monitored metrics. The company still expects to generate a positive cash flow between $ 2 billion and $ 4 billion […]

Jack Welch: “Neutron Jack” was considered the best manager ever

Dhe young chemist Jack Welch didn’t take long to get his bosses’ attention: he accidentally blew up a factory. Welch had experimented with an unexplored mixture to make plastic on a spring morning in 1960 – and had miscalculated. Everything exploded. When Welch saw the window panes shatter and the roof flew off, he later […]

USA UU. Evaluate new move to limit China’s access to chip technology

According to people familiar with the plan, the Trump administration is weighing new trade restrictions on China that would limit the use of US chip manufacturing equipment, as it seeks to cut off Chinese access to key semiconductor technology. The Commerce Department is drafting changes to the so-called direct foreign products rule, which restricts the […]

Trump administration considers stopping GE Venture engine deliveries to China

The Trump administration is considering a proposal to stop deliveries of jet engines co-produced by General Electric Co. for a new plane that is being developed in China, a possible escalation of protective trade measures that could have a major impact on the main US manufacturer. The administration may refuse to issue a license that […]

Within the future of Berkshire Hathaway without Warren Buffett

When Warren Buffett turns 90 in August, it would be natural for Berkshire Hathaway shareholders to celebrate their success and worry about the future of the extraordinary company he built. In his 55 years at the helm as CEO, president and chief investment officer, Buffett turned a troubled textile manufacturer into a conglomerate of $ […]

How today’s technology career differs from the Dot-Com bubble

Only five shares represent almost a fifth of the total market capitalization of the S&P 500, the highest share since the dotcom bubble peaked at the end of the century. Are there worrying parallels between the rise of Facebook Inc., full board 0.95% Apple Inc., AAPL -0.57% Amazon.com Inc., AMZN 0.46% Microsoft Corp. MSFT 2.38% […]