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KM Financial Solutions | UPDATE 5-GE vows $20 bln asset sales, ‘sweeping change’ as profit falls
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UPDATE 5-GE vows $20 bln asset sales, ‘sweeping change’ as profit falls

19 Oct UPDATE 5-GE vows $20 bln asset sales, ‘sweeping change’ as profit falls

Posted at 16:56h in News by
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NEW YORK, Oct 20 (Reuters) – General Electric Co’s
new chief executive vowed on Friday to shed more than $20
billion worth of assets and hold executives accountable for
failing to deliver profits after what he called “horrible”
results in the third quarter.

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