GE's power division plans to cut about 12,000 jobs globally

BOSTON — General Electric Co. will cut 12,000 jobs in its power division as alternative energy supplants demand for coal and other fossil fuels. The company said Thursday that the cuts to both office and production jobs, will help "right-size" GE Power, as traditional power markets, and volume of the fuels that power them, decline. The company says reducing the number of positions will trim costs by $1 billion at GE Power in 2018.

FCC tosses net neutrality rules

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