General Electric Co.s new leader outlined a restructuring plan that will slash the annual dividend by $4 billion and streamline the industrial giants operations, but warned investors it will take years to fix some of the companys businesses and for profits to begin to improve.
GE Chief Executive John Flannery lowered earnings targets for 2018 and cautioned that even in 2019 conditions will be difficult, especially in the companys biggest unit, GE Power. He laid out a future for three core marketspower, aviation and health…
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