Larry Culp, General Electric Co.’s chief executive, plans to set his sights on the company’s problematic financial-services business after he cuts overall debt and stabilizes its power-generation division, he told investors Wednesday. In a wide-ranging presentation at the Electrical Products Group conference, Mr. Culp reiterated GE’s latest financial forecasts and discussed the steps he is taking to streamline its operations. “We are changing the way we run the business,” he said. “From a business that was often run top-down…to...

Source: Wall Street Journal May 22, 2019 20:10 UTC