WSJ - US Business

GE Cuts Dividend, Slashes Profit Goals Amid Restructuring

General Electric Co.’s new leader outlined a restructuring plan that will slash the annual dividend by $ 4 billion and streamline the industrial giant’s operations, but warned investors it will take years to fix some of the company’s businesses and for profits to begin to improve.

GE Chief Executive John Flannery lowered earnings targets for 2018 and cautioned that even in 2019 conditions will be difficult, especially in the company’s biggest unit, GE Power. He laid out a future for three core markets—power, aviation and health…

WSJ.com: US Business

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