General Electric set forth a new agenda as it tries to restructure its way back to stronger growth, with earnings estimates lower than Wall Street forecasts, a reduced dividend and an aggressive corporate restructuring.
The Boston-based 125-year-old industrial conglomerate also said it was cutting the number of seats on its board.
Investors had initially reacted positively to the news, but the stock gave back most of its gains in premarket trading.
There will be a renewed focus on healthcare, aviation and energy, according to a presentatio…
Read the full article at: https://www.cnbc.com/2017/11/13/ge-announces-broad-restructuring-to-keep-health-care-aviation-and-energy-units.html