General Electric slashes dividend by 50% as new CEO tries to turnaround 125-year-old conglomerate - CNBC
CNBC |
General Electric slashes dividend by 50% as new CEO tries to turnaround 125-year-old conglomerate
CNBC General Electric said Monday it was cutting its dividend in half, a move that could cause many long-time shareholders in the 125 year-old conglomerate to flee, but also free up much needed capital to fund a turnaround for the one-time American bellwether. These are the Three Divisions GE's New CEO Will Focus On Crisis-stricken GE to unveil painful roadmap to recovery GE's day of reckoning: 4 things investors want to hear |
from Top Stories - Google News http://ift.tt/2iRnJ4X
