GE’s strong cash flow, upbeat outlook signal turnaround gathering steam

General Electric Co on Tuesday offered an upbeat outlook for its business this year after reporting a surge in quarterly free cash flow, showing Chief Executive Larry Culp’s turnaround plan is gaining traction. The performance came largely on the back of improved operational management and recovery in the company’s power and renewable businesses. Since taking […]

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IMF lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’

The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year – the biggest peacetime contraction since the Great Depression – would be nearly a full percentage point less severe than expected. The global lender said multiple vaccine approvals and the start of vaccinations […]

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