General Electric expects second half to be cash flow positive: CEO

By Syndicated Content Sep 16, 2020 | 1:26 PM

(Reuters) – General Electric Co expects to report positive free cash flow in the second half of 2020, Chief Executive Officer Larry Culp said at a Morgan Stanley Laguna Conference on Wednesday.

Shares of the company rose 7.4% to $6.55 after the news.

(Reporting by Rachit Vats and Sanjana Shivdas in Bengaluru;Editing by Arun Koyyur)

Nigeria launches manhunt after abductions by bandits in northwest Zamfara

4h ago

US envoys Witkoff and Kushner could visit Ukraine, Kyiv says

3h ago

Oilers F Zach Hyman (undisclosed) could miss 2 weeks

1h ago

Lakers G Austin Reaves (oblique) set to undergo MRI

1h ago

UConn's Geno Auriemma apologizes for behavior following loss

1h ago

Senators D Jake Sanderson rejoins lineup at crunch time

2h ago

General Electric expects second half to be cash flow positive: CEO

Current Weather

7-Day Forecast »