Business

GE cuts dividend in half before meeting to lay out the company's future

It's a move to regain investor confidence and productivity.

Source: Deutsche Welle

General Electric on Monday slashed its dividend in half as investors gathered in Boston, where Chairman and CEO John Flannery is expected to lay out a significant retooling of the U.S. conglomerate.

US industry giant General Electric is expected to announce yet another austerity plan that will most likely involve the shedding of assets and more layoffs.

Source: Deutsche Welle

All Sources: Deutsche Welle Los Angeles Times

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