Struggling GE ousts John Flannery as CEO

Business Oct 2, 2018

Struggling GE ousts John Flannery as CEO

General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...

Business / Corporate Oct 18, 2016

JR Kyushu shares inch upward ahead of IPO

Kyushu Railway Co. shares have climbed in the gray market before the company's debut next week, people familiar with the matter said. The rail operator changed hands at ¥2,800 and ¥2,850 a share on Tuesday, a gain of as much as 9.6 percent compared with ...