GE Jumps as CEO’s Vision of ‘Reset’ Year Eases Cash-Flow Fears
- Company projects a burn of no more than $2 billion this year
- Culp promises ‘significant improvement’ in coming years
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General Electric Co. jumped as new boss Larry Culp pledged a rebound in cash flow next year after a “reset” in 2019.
Although the company could burn as much as $2 billion this year in the effort to restore its battered balance sheet, the chief executive officer vowed “significant improvement” in free cash flow from GE’s manufacturing businesses over the next few years.