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GE's Cost Cuts Offset Troubles in Aviation Unit

The troubled aviation industry continued to weigh on General Electric Co., which reported another quarter of shrinking revenue, but the conglomerate posted a smaller loss and was able to generate cash from its industrial operations.
Layoffs and cost cutting have helped GE weather the coronavirus pandemic’s damage to the commercial airlines that ultimately buy its jet engines. Belt tightening has also helped reverse losses in GE’s long-struggling power turbine unit.
While…
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