GE warns of more pain ahead as pandemic deals $1 billion cash hit

(Reuters) - General Electric Co said on Wednesday the coronavirus pandemic dealt a $1 billion(805.74 million pounds) blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months.GE's share were down 3.5% to $6.56 in premarket trading.Among many changes in response to the novel coronavirus, the Boston-based conglomerate said it had cut 700 workers at its power division, was bracing..