GE jolted

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General Electric soared 12% after the industrial conglomerate raised its projections for a key measure of profitability. The company has been shedding billions of assets in a restructuring program under CEO Larry Culp, who took over last year after John Flannery was forced out. The goal is to make GE a sleeker company with more focus on its core industrial businesses. Those efforts are partly behind the latest projections that Wall Street is applauding. The surprisingly good forecast is being issued despite a damaging trade fight and ongoing problems with Boeing’s 737 Max, which GE helps make engines for.

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