GE pulls forecast on coronavirus, but backs first-quarter cash flow
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(Reuters) - General Electric Co pulled its full-year forecast on Thursday due to the uncertainties created by the coronavirus outbreak, but backed its first-quarter industrial free cash flow expectation of near negative $2 billion.Shares of the company, which reaffirmed its annual forecast just little over a month ago, rose as much as 3.2% to $7.54 in morning trading. "With net proceeds of about $20 billion from the BioPharma transaction now in hand, we have more flexibility to de-risk and..