john flannery

Power outage at GE

General Electric is transforming itself for the future, but the iconic company is still dogged by major problems from the past in its power division.

How decades of bad decisions broke GE

General Electric has been a piston of the American economic engine for 125 years. It pioneered the light bulb and the jet engine. It survived the Great Depression, the dot-com crash and the 2008 financial meltdown.