BOSTON: General Electric Co (GE) has reported a 14% slide in second-quarter earnings due to weaker results from its gas turbine and plastics businesses and said its most optimistic forecasts for the year were now unattainable.
The company, whose other businesses range from TV broadcasting to jet-engine manufacturing, conceded it would not produce its once-routine double-digit annual earnings growth for the second consecutive year under chairman Jeff Immelt’s leadership.
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