• GE tumbles for a second day after announcing major overhaul

    4 days ago - By Reuters

    General Electric Co's shares slumped for a second straight day on Tuesday as investors wondered if a massive overhaul by new Chief Executive John Flannery to save billions and make the conglomerate smaller was enough to revive the 125-year-old Dow component.
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  • GE stock deflates for a second day after announcing major overhaul

    4 days ago - By Reuters

    General Electric Co's shares drifted lower for a second straight day on Tuesday after investors wondered if a massive overhaul by new Chief Executive John Flannery to save billions and make the conglomerate smaller was enough to revive the 125-year old Dow component.
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  • RBC: GE's turnaround won't happen fast enough

    RBC: GE's turnaround won't happen fast enough

    4 days ago - By Business Insider

    GE's turnaround plan was announced on Monday.
    For Deane Dray, an analyst at RBC Capital Markets, the plan isn't enough, and won't happen fast enough.
    Dray downgraded the stock from a buy to a neutral on the news and lowered the price target by 20%.
    Watch GE stock trade in real time here.
    GE's new CEO John Flannery announced a rash of changes on Monday with the hopes of turning around the struggling company. After cutting the company's dividend and lowering forward-looking guidance, shares of GE fell about 7.49% on Monday .
    On Tuesday, the company continued to fall as analysts processed the...
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  • General Electric is getting hit for a 2nd straight day after announcing its turnaround plan

    General Electric is getting hit for a 2nd straight day after announcing its turnaround plan

    4 days ago - By Business Insider

    Shares of General Electric are down 4.26% at $18.21 as selling continues following Monday's release of the company's turnaround plan.
    GE shares have fallen more than 10% since the plan was released.
    Shares of General Electric are seeing follow-through selling on Tuesday, trading down 4.26% at $18.21 a piece. The losses come after shares tumbled more than 7% on Monday in response to the company's turnaround plan .
    GE announced it was slashing its dividend by 50% and implementing other cost-cutting measures to turn things around. Shares had slumped about 35% this year before Monday's slide...
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  • General Electric is getting hit for a 2nd straight day after announcing its turnaround plan

    General Electric is getting hit for a 2nd straight day after announcing its turnaround plan

    4 days ago - By Business Insider

    Shares of General Electric are down 4.26% at $18.21 as selling continues following Monday's release of the company's turnaround plan.
    GE shares have fallen more than 10% since the plan was released.
    Shares of General Electric are seeing follow-through selling on Tuesday, trading down 4.26% at $18.21 a piece. The losses come after shares tumbled more than 7% on Monday in response to the company's turn around plan .
    GE announced it was slashing its dividend by 50% and implementing other cost-cutting measures to turn things around. Shares had slumped about 35% this year before Monday's slide...
    Read more ...