The troubled aviation industry continued to weigh on General Electric Co. (GE), which reported another quarter of shrinking revenue, but the conglomerate posted a smaller loss and was able to generate cash from its industrial operations. Layoffs and cost cutting have helped GE weather the coronavirus pandemic's damage to the commercial airlines that ultimately buy its jet engines. Belt tightening has also helped reverse losses in GE's long-struggling power turbine unit.
The troubled aviation industry continued to weigh on General Electric Co. (GE), which reported another quarter of shrinking revenue, but the conglomerate posted a smaller loss and was able to generate cash from its industrial operations. Layoffs and cost cutting have helped GE weather the coronavirus pandemic's damage to the commercial airlines that ultimately buy its jet engines. Belt tightening has also helped reverse losses in GE's long-struggling power turbine unit.
The troubled aviation industry continued to weigh on General Electric Co. (GE), which reported another quarter of shrinking revenue, but the conglomerate posted a smaller loss and was able to generate cash from its industrial operations. Layoffs and cost cutting have helped GE weather the coronavirus pandemic's damage to the commercial airlines that ultimately buy its jet engines. Belt tightening has also helped reverse losses in GE's long-struggling power turbine unit.
The troubled aviation industry continued to weigh on General Electric Co. (GE), which reported another quarter of shrinking revenue, but the conglomerate posted a smaller loss and was able to generate cash from its industrial operations. Layoffs and cost cutting have helped GE weather the damage from the coronavirus pandemic on the commercial airlines that ultimately buy its jet engines. Belt tightening has also helped reverse losses in GE's long-struggling power turbine unit.
South Korea's Samsung Electronics Chairman Lee Kun-hee died on Sunday, the company said. Born in 1942, Lee helped grow his father Lee Byung-chull's noodle trading business into South Korea's biggest conglomerate.
The Justice Department filed a long-expected antitrust lawsuit alleging that Google (GOOG) uses anticompetitive tactics to preserve a monopoly for its flagship search engine and related advertising business, the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades. The case, filed Tuesday in federal court in Washington, D.C., alleged that the Alphabet Inc. (GOOG) unit maintains its status as gatekeeper to the internet through an...
The Justice Department filed a long-awaited antitrust lawsuit Tuesday alleging that Google (GOOG) uses anticompetitive tactics to preserve a monopoly for its flagship search engine and related advertising business, illegally choking off potential competition. The case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond.
The Justice Department filed an antitrust lawsuit Tuesday alleging that Google (GOOG) engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate. The long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond.
The Justice Department will file an antitrust lawsuit Tuesday alleging that Google (GOOG) engaged in anticompetitive conduct to preserve monopolies in search and search-advertising that form the cornerstones of its vast conglomerate, according to senior Justice officials. The long-anticipated case, expected to be filed in a Washington, D.C., federal court, will mark the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades, with...
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