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General Electric Co.
GE, + 2.49%
CEO, Lawrence Culp, promised to do "everything in his power" to bring the industrial giant back into a "strong position", asking shareholders "support and patience" in its first letter to shareholders and its annual report on Tuesday. GE ended the year with 283,000 employees worldwide, 30,000 fewer than a year ago. The strengthening of the company will begin with its energy sector, Culp said, improving its inventory, product development, collections and delivery, he said in his letter. GE recently assessed the reserves it holds for its liquidation insurance business and recorded an additional $ 65 million after-tax reserve, as reported in January, GE said in a statement. its annual report. Shares rose 0.8% in the broad session on Tuesday, after the day's trading day, up 2.5%.
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