John Foley is Reuters Breakingviews' U.S. editor. He has previously written and edited from London, Beijing and Hong Kong, and established Breakingviews’ first Asian bureau in 2009, subsequently running the European team from 2015 to 2017. Before joining Breakingviews in 2004, John worked as a copywriter for a London-based advertising agency. He read English Literature at Exeter College, Oxford.
Larry Culp managed to offset damage from grounded planes and declining power-sector demand with helpfully timed payments to report positive cash flow in the third quarter. Other challenges remain, from debt to GE’s insurance business. Then there’s the existential part.
The White House wannabe aims to eradicate the perk that mints money for buyout barons. His broader plans would add to the pain for firms like Blackstone and KKR which restructured to exploit Donald Trump's tax cuts. Shareholders, clients and staff could end up at loggerheads.
The final televised face-off between Donald Trump and Joe Biden offered the first real side-by-side comparison of their policies. The president promised little change while his rival pledged plenty of fiscal spending. Markets will be reassured that austerity is not on the ballot.