GE Says No Impairment Charges Incurred Related To 737 Max, Related Balances In Q1 [Reuters]
Becton, Dickinson and Company (BDX)
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Source: Reuters
Becton Dickinson and Co (BDX.N) Key Developments | Reuters.com April 30 (Reuters) - GE ::GE -NO IMPAIRMENT CHARGES WERE INCURRED RELATED TO 737 MAX AIRCRAFT, RELATED BALANCES IN Q1 AS WE CONTINUE TO BELIEVE THE ASSETS ARE FULLY RECOVERABLE.GE - EXPECTS GE CAPITAL TO PROVIDE CAPITAL CONTRIBUTIONS TO ITS INSURANCE SUBSIDIARIES OF ABOUT $9 BILLION THROUGH 2024.GE - WITH RESPECT TO GE CAPITAL & OTHER ASSET REDUCTION ANNOUNCEMENT, COMPLETED $1.1 BILLION OF REDUCTIONS DURING Q1.GE - EXPECT TO EXECUTE ASSET REDUCTIONS OF ABOUT $10 BILLION IN 2019, MOSTLY COMPRISING RECEIVABLES HELD BY WCS, SUPPLY CHAIN FINANCE PROGRAM, EFS ASSETS.GE - EFFECTIVE JANUARY 1, 2019, HEF BUSINESS WITHIN CAPITAL SEGMENT WAS TRANSFERRED TO HEALTHCARE SEGMENT.GE - AS OF MARCH 31, 2019, HAVE ABOUT $1.5 BILLION OF NET ASSETS RELATED TO THE 737 MAX PROGRAM.GE - CFM INTENDS TO CONTINUE CURRENT PRODUCTION RATE FOR LEAP-1B, THE EXCLUSIVE ENGINE FOR BOEING 737 MAX; SAYS GROUNDING MAY IMPACT TIMING OF THOSE RELATED CASH FLOW
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