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GE ousts CEO John Flannery as it announces $23b writedown

FILE - In this June 26, 2018, file photo, General Electric Chairman & CEO John Flannery is interviewed on the floor of the New York Stock Exchange. Flannery out as chairman and CEO at General Electric after less than two years, Lawrence Culp Jr. takes over. After less than two years and a precipitous decline in the share price at General Electric, Flannery is being ousted as chairman and CEO. (AP Photo/Richard Drew, File)

Richard Drew/Associated Press/file

In a stunning move, Boston-based GE said it would replace Flannery after just over a year as it announced a massive writedown at its troubled power unit.

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2018/10/01/BostonGlobe.com/ReceivedContent/Images/LarryCulp.jpg Who is H. Lawrence Culp, GE’s new CEO?

The former chief of conglomerate Danaher Corp. has been named one of the top CEOs in the world, according to Harvard Business School.

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2018/10/01/BostonGlobe.com/Metro/Images/ryan30under10_met.jpg FBI should conduct ‘real investigation’ into Kavanaugh, Flake says in Boston

Speaking during the Forbes Under 30 Summit, Senator Jeff Flake said “any current, credible allegation that has been made” should be “fully investigated.”

President Donald Trump spoke at a news conference focused on trade.

Trump says he supports ‘comprehensive’ FBI investigation of Kavanaugh

The president also said a thorough investigation of the Supreme Court nominee would be “a good thing.”

SEAN P. MURPHY | THE FINE PRINT

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2018/09/21/BostonGlobe.com/Business/Images/Swensen_180921_24consumer(2)_0003.jpg Should Firestone replace this woman’s car engine?

What Gwen Larison-Santos wants is an engine in the same condition as the one she brought into the shop for an oil change, not one that may have irreversible damage.

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2016/09/08/BostonGlobe.com/Metro/Images/greenhouse_09firstday-5_metro.jpg Highly skilled black, Latino students face admission barriers to exam schools, study finds

The students could have a much better chance of winning a spot at such schools as Boston Latin if admission hinged on MCAS scores instead of the current test.