Friday, April 20, 2018

GE Takes Hit From Old Mortgage Unit, Cites Other Progress

General Electric reported a quarterly loss as the conglomerate took a $1.5 billion charge related to a subprime mortgage business it once owned, but the company said it was making progress on its cost-cutting efforts and reaffirmed its 2018 financial targets.

from WSJ.com: US Business https://ift.tt/2K0siXu
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