General Electric says cut 700 jobs in power unit in first quarter <!-- no image --> <div>General Electric Co said on Wednesday it had cut 700 jobs in its power division in the first quarter, and that it was on track to reduce capital expenditure by 25% this year.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=2Z3LU0qJjoA:gHkqqzUv_H4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=2Z3LU0qJjoA:gHkqqzUv_H4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=2Z3LU0qJjoA:gHkqqzUv_H4:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=2Z3LU0qJjoA:gHkqqzUv_H4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=2Z3LU0qJjoA:gHkqqzUv_H4:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/2Z3LU0qJjoA" height="1" width="1" alt=""></div> Posted by Reuters