GE pulls 2020 outlook but reaffirms first-quarter cash flow expectation
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(Reuters) - General Electric Co withdrew its full-year forecast on Thursday as it takes a hit from the coronavirus pandemic, but reaffirmed its first-quarter industrial free cash flow outlook of negative $2 billion.Shares of the Boston-based maker of jet engines, power plants and other industrial equipment rose 4% to $7.59 in premarket trading. "With net proceeds of about $20 billion from the BioPharma transaction now in hand, we have more flexibility to de-risk and further strengthen our..