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CEO John Flannery, who took over last year from Jeff Immelt, has promised to "maintain a disciplined financial policy” that so far has involved slashing the company’s once-dependable dividend yield and selling off underperforming units like healthcare and oil and gas.
General Electric's big shake-up is intended to ease its debt burden. The reorganization won't accomplish what management thinks it will, JPMorgan analyst Stephen Tusa wrote in a note out to clients.
General Electric shares are seeing their biggest two-day gain since April 2015. The rally comes after GE was dropped from the Dow Jones industrial average and as the company pursues a corporate reorganization.
Once the most valuable public company in the United States, GE will leave the 122-year-old index as only the sixth largest of the 30-company basket. It's stock has declined by 80% from its highs set more than ten-year ago.
The company’s power business declined by 29%, while renewables, transportation and aviation grew.
GE slashed its dividend already. Good, right? See why it may need to do so again.
General Electric's regulatory filings show the company plans to restate 2 years of earnings due a new accounting standard.
Shares of General Electric fell after the company said the SEC is investigating its insurance reserves.
General Electric slashes its large dividend as the company goes through a restructuring with the goal of increasing profitability.
GE's stock is sliding after the latest in a series of shakeups for the new chief executive.