"It's obviously not the best move by Bombardier to step away from high-speed railways, but we should ask this from a broader perspective, we should ask what's wrong with the whole sector and not just one company," Gössling said. "I wouldn't say it's Bombardier's fault. It's actually a governance failure. It's because governments have decided to subsidize air travel rather than high speed railways." … [Read more...] about Bombardier bets against ‘flight shame’ with train sale
GE bet on its ability to use its financial heft and supposedly unique management style to take on businesses where it had little expertise. Recent years have been a catalogue of retreats. GE will sell its train manufacturing business, spin off its healthcare unit and sell down its majority stake in the oil-field services firm Baker Hughes. GE sold its remaining stake in NBCUniversal – a combined TV and film group – in 2013. … [Read more...] about Once an American powerhouse, can General Electric regain its spark?
GE's bonds are down and its stock is now at $14.26 a share, the worst hit since the 2009 recession. A weakening demand for energy-related products like gas turbines and oilfield equipment dampens hope for a turnaround. Last August Warren Buffett's holding company Berkshire Hathaway, which bailed GE out in 2008 through a $3 billion investment, sold $315 million worth of GE shares. … [Read more...] about How General Electric became a general disappointment