GE plunges to worst weekly loss since recession

Analysts said the surprise charges announced by GE had hurt the company's credibility with investors as it comes just two months after Chief Executive John Flannery issued a detailed plan to reset the company's financial targets

NEW YORK: General Electric Co (GE) plummeted again as a report from Deutsche Bank questioned whether the manufacturing behemoth’s latest problems would force it to raise capital by selling shares or further cutting its dividend.

The company is facing a “cash squeeze” and growing debt pressures, particularly after disclosing a substantial charge related to an old insurance business, Deutsche Bank analyst John Inch said in a note.