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GE reports Q2 loss

2015-07-17 15:52:59| Industrial Machines - Topix.net

Fairfield-based General Electric reported a $1.4 billion loss in the second quarter, or 13 cents a share, as it accelerated its divestment of GE Capital and worked to win regulatory approval of its planned $17 billion acquisition of Alstom's power business. Photo: Tyler Sizemore GE Chief Financial Officer Jeff Bornstein said GE expects a court trial to commence in the fourth quarter of 2015, after the U.S. Department of Justice filed suit to block the sale of GE Appliances to Electrolux, with DOJ alleging the combination would impact competition in the appliances industry.

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