Deal will lower holding in oilfield services group from 62.5% to just over 50%

Shares fall 7% as Larry Culp reflects concerns about financial strength

JP Morgan does not hold back.

Industrial group’s shares take another lurch down following JPMorgan downgrade

US group raises badly-needed cash underlining questions about conglomerate structure

Union raises security concerns over MoD and Pentagon contracts

Group also says it does not expect to pay about $1bn extra in UK

Landmark moment for business that was once largest borrower in market

He was ousted after just 14 months in the job

GE cuts dividend; BP, Credit Suisse and Deutsche Bank also in the news

CFO says more than $3bn may be required for group’s former growth engine

US conglomerate to restructure power division after failing again to reverse fortunes

Larry Culp outlines plans to change ‘operational rhythm’ of sprawling group

US and German groups compete for multibillion-dollar contracts in Middle East nation

Trump administration pressured Baghdad to reject German rival’s bid for $15bn deal

Allegations relate to move to obtain information from US aerospace companies

GE and Pfizer chief executives, Aston Martin IPO, Amazon, Nomura and Elon Musk

After decades of dealmaking, weakness in the power sector is forcing the company’s executives to consider radical changes

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