GE posts first quarter loss of $13.6 billion

April 17, 2015 1:21 PM

52 0

NEW YORK—One week following the announcement that it would dismantle most of its GE Capital financing operations to instead focus on its industrial roots, General Electric reported a first quarter loss of $13.6 billion.

The results were mpacted by charges relating to the conglomerate's strategic shift. A year ago GE reported a first quarter profit of $3 billion.

Also read: BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

Read more

To category page