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GE Jumps as Aviation Revival Spurs Company to Lift Cash Outlook

GE Jumps as Aviation Revival Spurs Company to Lift Cash Outlook
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GE buys French startup to bolster breast cancer diagnostics

GE buys French startup to bolster breast cancer diagnostics
By Ryan Beene Bloomberg,Updated May 6, 2021, 9:24 a.m.
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The logo of General Electric is pictured at its Belfort plant in France.SEBASTIEN BOZON/AFP via Getty Images
(Bloomberg) General Electric Co. has acquired Franceâs Zionexa SAS to bolster its offerings of diagnostic tools for patients with late-stage breast cancer.
The startup and its 24 employees will join GE Healthcareâs Pharmaceutical Diagnostics unit, the US manufacturing giant said Thursday. The diagnostics business will also hire 70 more people as part of the transaction. Terms of the deal werenât disclosed. ....

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GE burns more cash than expected as jet-engine unit drags

GE burns more cash than expected as jet-engine unit drags
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GE Slips as Aviation Woes Show Much Remains on Culp's To-Do List

GE Slips as Aviation Woes Show Much Remains on Culp’s To-Do List
Bloomberg
1 hr ago
Ryan Beene
(Bloomberg) General Electric Co. shareholders are getting a reality check from the company’s first-quarter results, a mixed showing that underscored the work ahead for Chief Executive Officer Larry Culp and his turnaround push.
Sales fell 12% to $17.1 billion, dragged down by the troubled jet-engine unit, GE said Tuesday. That trailed the $17.6 billion expected by Wall Street. Orders fell in aviation and two other manufacturing units and GE’s steady financial forecast made for a “negative contrast” with conglomerates that have raised their outlook, said John Inch, an analyst at Gordon Haskett. ....

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GE slips as aviation woes show much remains on Culp's to-do list

GE slips as aviation woes show much remains on Culp's to-do list
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