Bloomberg General Electric Co. will burn as much as $2 billion of cash this year as the manufacturer tries to repair its balance sheet and put its reeling power business back on stable ground. Free cash flow from the company’s industrial businesses will decline in 2019 as restructuring costs hit at least $2.4 billion, GE said in a presentation detailing ...

Bloomberg Investor confidence in Germany’s growth outlook improved for a fifth straight month as global risks subsided, suggesting Europe’s largest economy will shake off its weakness as the year progresses. A gauge measuring prospects for the next six months rose to minus 3.6 in March, the highest in a year, beating an estimate for a gain to minus 11. Despite ...

Bloomberg The former head of the United Auto Workers’ unit representing workers at Fiat Chrysler Automobiles NV department was charged by federal prosecutors in Detroit with conspiracy to violate the Labor Management Relations Act, becoming the highest-ranked union official yet caught up in the investigation. Norwood Jewell is the latest former UAW or company official charged by the US over ...