GE’s Stock Drops as CEO Warns of Higher Cash Burn at Its Troubled Power Unit

Trunarounds are rarely simple, straight-forward affairs–especially when they involve a troubled conglomerate like General Electric. GE’s stock fell 6% Tuesday after its CEO warned that the company’s troubled power-generation business would continue to be a drag on its financials again in 2019. “This is a multiyear turnaround in power. I don’t want to sugarcoat that […]