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GE records restructuring losses but increases cash flow



General Electric Co. reported a $ 9.5 billion loss in the third quarter, weighed down with accounting fees, but the industrial conglomerate showed signs of progress and again raised its cash flow outlook for the year.

Larry Culp, who took over as CEO about a year ago, has been upgraded to GE with a focus on cutting debt and generating cash from the businesses to create jet engines and power turbines.

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