Problems at GE power unit prompt CEO shuffle, major impairment charge

first_img FacebookTwitterLinkedInEmailPrint分享Business Insider:John Flannery is out as the head of General Electric after just more than a year at the top of the company. He will be replaced as chairman and CEO by H. Lawrence Culp Jr., who served as the CEO and president of Danaher Corporation from 2000 to 2014. Culp has been a GE board member since April. GE shares are up more than 13% on the news.GE said it would take a $23 billion goodwill charge for its power business. “GE expects to take a noncash goodwill impairment charge related to the GE Power business,” a company release said. “GE Power’s current goodwill balance is approximately $23 billion and the goodwill impairment charge is likely to constitute substantially all of this balance.”In its second-quarter earnings report, the company said profit from its power business dropped 58%, but it was able to match expectations with solid earnings growth in its aviation and healthcare businesses. Flannery said he expected the power business to “remain weak through 2020.”The conglomerate also warned that it would miss its 2018 earnings guidance. In July, the company reiterated it expected to see adjusted earnings of $1 to $1.07 a share. “While GE’s businesses other than Power are generally performing consistently with previous guidance, due to weaker performance in the GE Power business, the company will fall short of previously indicated guidance for free cash flow and EPS for 2018,” the release said.More: General Electric removes John Flannery as CEO, says it will take a $23 billion charge to its power business Problems at GE power unit prompt CEO shuffle, major impairment chargelast_img read more

Mountain Mama: Five Essentials for Living the Vanlife

first_imgIn three days my almost-six-year-old son and I will set off on a month-long camper van adventure. We’ll celebrate his sixth birthday on the road. Sometimes I stare at him, unable to account for whole years, wondering when exactly he grew from a baby and passed through the toddler years into this knowing and capable boy. Like so many other parents, I blame my task-driven nature, the pesky habit of saying I need to grow my business and fully move into my house and finish my book before we go off on an adventure.This year has been full of reminders – from watching a family member approach death to reading about accounts of friends’ live aboard sailboats sink after Hurricane Irma and hearing about a close friend’s house burnt to ashes in the recent North Bay fires – that neither our homes nor our tomorrows are guaranteed. Blowing in the wind I hear time and again, forget about making the construct of your life too precious, go out and live with intention.That’s why we are doing this trip now, not next summer when it coincides with his summer break or after my to-do list is all crossed off, in the process transforming every available surface as a staging area for essential gear. Beyond the snacks, essential oils, bug spray and sunscreen, I wanted to share five essentials we’re packing for a minimalistic and back-to-the basics month.The Wonder Bag – I’ve been in a whole food groove and started looking for ways to keep it going while car camping. this portable slow cooker doesn’t need to be plugged in, fuel or batteries. Bring a meal to a boil, cook for five to fifteen minutes depending on the type of food, and then bag it up anywhere to cook for up to twelve hours, freeing up cooking time for longer hikes and rides.Plus, for every Wonder Bag purchased in the U.S., one is donated to a family in need in Africa where it’s estimated that one Wonder Bag per year saves 1.7 trees, 1000 liters of water, 1,248 hours not spent collecting firewood.Solar Lanterns – Stick these lights in sunlight, solar battery facing up, and give them a good charge to benefit from up to seven hours of bright light. Solar lanterns inflate so they also compress into a flat surface, making them easy to pack. They are completely powered by the sun so don’t require additional batteries.Books – As a mom I feel guilty every time my son places himself in front of a screen and refuses to budge no matter how beautiful the day.  For a  month, we’re going screen-free and we’re packing actual books to rediscovr the lost art of reading print.Journals – Nothing like pen to paper to process thoughts. I ordered special journals from Etsy to inspire us to record our journey and reflect at the each day’s end.Water Bottle/ Foam Roller – My foam roller is the one piece of gear that keeps my IT band happy, especially after a long drive or hike. Since we’re going as minimal as possible, I was reluctant to bring along the extra bulk, so we happy to see this water bottle that doubles as a foam roller. The foam insulates too, keeping water cold. It’s a win/win – self-massage while staying hydrated.last_img read more

On The Road With The Steel Woods & Ticket Giveaway!

first_imgWB – With the new record out, we’ve been playing songs that we don’t expect people to know yet, but there were a few nights a while back that we opened with songs that were just released that same week and the crowd was singing along. That’s always a sign that it’s going to be a good one. BRO – One item you can’t hit the road without? Fans of honest to goodness Southern friend country rock in Northeast Tennessee won’t have to travel all the way to Big Sky country to catch The Steel Woods. The band will be rolling into Capone’s in Johnson City this Saturday, and Trail Mix wants to give you a chance to grab a couple tickets. WB – Aside from listening to my award winning 80s/90s country playlist, a lot of my writing is done behind the wheel. I’ve written full songs while driving and just singing in my head without ever picking up a guitar. Some have turned out good, some have never made it on paper, but even the terrible ones did their job in keeping my mind busy and the bus on the road. Also, I have this really cool game that has to do with letters and road signs that nobody ever wants to play. JS – Wes likes to get on an 80s and 90s country kick that can be pretty fun. Some songs I’ve never heard, some that I’ve forgotten about, and some that I love. And I recently stayed up and put together a blues playlist that captures a lot of my favorites. BRO – City you can’t wait to play again? Carrying on in the tradition of Southern musical heroes Lynyrd Skynyrd and The Allman Brothers and more recent rockers like Derek Trucks are The Steel Woods, a country rock quartet raised on the blues and heavy guitar riffs that have made the Southern, whiskey drenched rock growl so familiar and appealing for so long. BRO – Festival you and the band would like to play? JS – Being able to take a shower is a must, whether it’s at the venue or the hotel room. We all drink different forms of caffeine, so having a variety of coffee and Red Bull is a must. Evidence of the band’s growth and cohesiveness are evident on the record, and the band’s live set continues to develop, as these road warriors wear out a stage with their driving rhythms and crunching guitars. BRO – Must have item in the green room? JS – I’d like to see us play at the New Orleans Jazz Fest at some point. That festival encompasses a lof of different genres beyond jazz. Plus, there vibe is great there with all the people, food, etc. WB – Well, Johnson City, of course. We love to play anywhere the fans show up. I will say I’m really looking forward to going back to Montana this year. we spent a little time out there a while back and it is one of the most beautiful places in the country.center_img BRO – Best way to stay awake during a late night drive? Good luck!! WB – I have to be careful who I’m talking to about this one, but I feel like I’m not going to get any head shaking from y’all. One of the few things I don’t leave home without is a handgun of some sort, whether it be a full size 1911 or a 380 pocket pistol. I’m not going to get caught without a way to defend myself and those around me. I’m not paranoid, nor does the thought of having to use it even cross my mind that often, it’s just a good habit that I made a long time ago and one that I don’t intend to break. Take a shot at the trivia question down below. A winner of two tickets will be chosen from all correct responses received by 3:00 P.M. tomorrow (Friday, March 1st). The Steel Woods formed in 2014 and are out on the road now in support of their latest record, Old News, which the band laid down during a week long recording session at Asheville’s famed Echo Mountain Studio. The band’s third recording, following an initial EP and Straw In The Wind, the group’s first long player, Old News marks the first time that the entire quartet – Wes Bayliss, Jason Cope, Johnny Stanton, and Jay Tooke – worked a recording project together. I recently caught up with Bayliss and Stanton to chat about life on the road. The Southern rock tradition is alive and well. BRO – What are you guys listening to in the van these days? By submitting your answer, you are not being added to any mailing list. Your information is kept private and never shared with anyone. Question – The Steel Woods pay homage to to what Southern rock icons with their cover of “Whipping Post”on their new record? BRO – Best sign, when you walk into a room, that it’s going to be a good night?last_img read more

Yankees trade rumors: New York ‘willing to consider’ moving Clint Frazier, Miguel Andujar for starter

first_img Yankees place CC Sabathia (knee) on 10-day IL The Yankees may be open to dealing some of their top assets this month.New York is “willing to consider” moving Clint Frazier or Miguel Andujar in exchange for a starter, according to a report from MLB Insider Jon Heyman. The Yankees had been in “regular contact” with the Blue Jays about a potential trade for Marcus Stroman, according to, but he was sent to the Mets on Sunday. The Braves, Astros, Padres, and Twins, among others, had also been linked to Stroman.The Yankees entered play Sunday in first place of the American League East with a 66-38 record but have dropped three straight games to the Red Sox. They’ve given up nine or more runs in all three of those losses. Andujar appeared in just 12 games this season before being shut down with a shoulder injury and undergoing surgery in May. He hit .297 with 27 home runs and 92 RBIs for the Yankees in 2018.The Yankees are expected to upgrade their rotation before the July 31 deadline and have reportedly checked in on deals for multiple top-level starters — including Trevor Bauer, Robbie Ray and Noah Syndergaard. Yankees seem willing to consider Miguel Andujar and/or Clint Frazier in deals for the starter they need. Deivi Garcia appears to be off limits, except possibly for Syndergaard (which is a long shot for other obvious reasons)— Jon Heyman (@JonHeyman) July 28, 2019Frazier, who was demoted to Triple-A after the Yankees acquired Edwin Encarnacion last month, is slashing .283/.330/.513 with 11 home runs and 34 RBIs in 53 MLB games this season. He has struggled defensively in the outfield during his time with New York.“This is the reality of things,” Frazier told reporters after he was sent down. “Guess I’m facing reality right now. It’s a tough pill to swallow. It’s never fun, especially with how much I’ve felt like I’ve contributed to this team.” Related Newslast_img read more