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What are the problems at GE Power Company?

What are the problems at GE Power Company?

The problems at GE Power, the company’s most troubled unit, cannot be fixed quickly or easily, analysts say. Growth in renewable energy is expected to keep pressure on GE’s core business selling turbines to power plants, even as the company cuts costs.

Why was the CEO of GE fired recently?

GE CEO John Flannery is ousted after the company’s board grew frustrated with the pace of change at the industrial company, sources tell CNBC. The problems at GE Power, the company’s most troubled unit, cannot be fixed quickly or easily, analysts say.

Why are there so many lawsuits against GE?

GE retirees want $700 million: At least four groups have sued GE since late September over the company’s oversight of its 401 (k) plan. GE said the lawsuits allege the company breached its fiduciary duties by using proprietary funds that underperformed the market and were expensive.

What are the legal proceedings going on with GE?

GE faces legal proceedings related to alleged anti-competitive conduct and improper payments by Alstom linked to projects in Israel and Slovenia. The Alstom conduct in question took place before GE bought the business. GE has set aside $858 million for potential losses here, but it has warned that the losses could be higher.

How to contact the GE Appliances answer center?

You can contact us via email or telephone. To contact us via telephone, call the GE Appliances Answer Center® open Monday – Friday 8 a.m. to 8:00 p.m. ET, 8:00 a.m. to 7:00 p.m. ET Saturday, Closed Sunday, at 1.800.626

What to do if you have a problem with your GE refrigerator?

When you have GE refrigerator problems, our troubleshooting guide helps you figure out what’s wrong and tells you how fix it. Yourself. So you don’t have to wait around for a refrigerator repair person or pay one, either. Just read through the list of symptoms below and click on the one that best matches the problem.

What kind of problems are there with GE?

The SEC is investigating GE’s accounting tactics and its massive insurance losses. The Justice Department is probing GE’s ( GE) pre-crisis sale of subprime mortgage. Furious shareholders are suing GE and former top executives over allegedly misleading statements.

How to clear fault, fault or function code on GE oven?

Sometimes shutting off the circuit breaker that the range or oven is connected to for 30 seconds will clear the fault, error or function code, however there are some cases when further service may be required. For service, please schedule an appointment with GE Appliances Factory Service.