Tag: power-turbines
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GE predicts up to 15 percent rise in 2016 operating income
General Electric Co predicted on Wednesday a double-digit rise in operating earnings in 2016 to between $1.45 and $1.55 a share and said it would return about $26 billion to shareholders, sending its stock up sharply. GE said it expected double-digit growth in operating profit at its power and energy management businesses, boosted by the…