Once an American powerhouse, can General Electric regain its spark?

The former titan of US industry is struggling to cope with crippling debt and could be staring into the abyss

A lot is hanging on the future of General Electric – and not just the survival of one of the most famous business names in America. Last week a Nomura bank analyst warned that fixing GE’s $115bn (£90bn) borrowing burden was “critical” to keeping corporate America’s $9 trillion debt pile on a stable footing. And GE is on the edge.

Jeff Bezos admitted last month that Amazon – the world’s second-largest company – would fail one day. It seemed an outlandish claim. But the sorry tale of GE shows that the impossible could happen.

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from US news | The Guardian https://ift.tt/2FTLFDw