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GE Shares Reach 5-Year Low

11 months ago2 views

wochit

Wochit

Following an announcement from General Electric new Chief Executive John Flannery on Monday, investors were selling shares in the company at a five-year low. Flannery announced plans that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, which is a reversal of the deal-driven empire building of his predecessors, Jeff Immelt and Jack Welch. GE will be pared down into three core businesses: power, aviation and healthcare.

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