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Has long managed to turn a profit from seemingly incompatible industries but thats all changed so its going to shrink operations down to three profitable core businesses aviation power and health care practically Everything Else will be sold off to the tune of twenty billion dollars and flannery is also slashing the dividend only the second time its done so since one thousand thirty eight the eighth biggest dividend cut in its history will help g. E. Avoid a cash crunch. Its of course a big topic and we want to discuss it with our financial correspondent on wall street sophie she mounts the sophie hi good to see you youre at the New York Stock Exchange where weve seen these reactions eight percent thats actually a very big loss is it that investors are really not betting on g. E. s future. Yeah well that is quite a strong reaction i mean the company is one hundred t ....
Going to shrink operations down to three profitable core businesses aviation power and health care practically Everything Else will be sold off to the tune of twenty billion dollars and flannery is also slashing the dividend only the second time its done so since one thousand thirty eight the eighth biggest dividend cut in its history will help g. E. Avoid a cash crunch. Its of course a big topic and we want to discuss it with our financial correspondent on wall street sophie she mounts the sophie hi good to see you youre at the New York Stock Exchange where weve seen these reactions eight percent thats actually a very big loss is it that investors are really not betting on g. E. s future. Yeah well that is quite a strong reaction i mean the company is one hundred twenty five years old has a quite diversified portfolio if not fragmented so focusing and streamlining ....