GE is not ‘telling the whole story’ about power biz

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Employees work on a turbine at the General Electric plant in Belfort.

VINCENT KESSLER | AFP | Getty Images

General Electric‘s power business is still struggling, but the company is sugar coating this in communications with investors, according to a top analyst at J.P. Morgan.

“We believe a full accounting of the situation with a closer look at the data, even a rudimentary review, supports our view that GE is indeed losing market share in a stable” heavy-duty gas…



Source cnbc.com

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