1. New GE Chief Slashes Dividend as US Reviews $22 Billion Power Writedown

    New GE Chief Slashes Dividend as US Reviews $22 Billion Power Writedown

    General Electric i s cutting its dividend for the third time in a decade, a move that will save $3.9 billion a year, as new Chief Executive Officer Lawrence Culp works to restore the conglomerate's fortunes after a large, ill-timed expansion in its power business...

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