CNN - Money Markets

GE faces 2nd dividend cut since Great Depression

Jeff Immelt steps down as CEO of General Electric
Jeff Immelt steps down as CEO of General Electric

1. GE’s cash crunch: General Electric in such financial stress that it may soon do the unthinkable: cut its beloved dividend.

John Flannery, GE’s new chief executive, is under enormous pressure to restore confidence in a company facing a serious cash crunch and a nosediving stock price. One-third of GE’s market value has vanished this year, making it the biggest Dow loser by a long shot.

Latest stock market news from Wall Street – CNNMoney.com

Click to comment
Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top