GE has been much in the news. It announced that it would cut its dividend in half. While that would seem to have been much anticipated, the stock nevertheless dropped seven and a half percent. Thomas Gryta reports in the Wall Street Journal:
"General Electric Cuts Dividend by Half and Slashes Profit Goals
Industrial giant to revamp board as new CEO pursues restructuring"
New SEC rules will make GE look worse still according to Tomi Kilgore on Market Watch,
"GE’s stock suffers worst day in 8 1/2-years after transformation plan unveiled," Nov 13, 2017
Monday, November 13, 2017
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