Breakingviews TV: OMGE

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Breakingviews TV: OMGE
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Watch: GE shareholders are still waiting for the conglomerate to fix its myriad problems. tombuerkle johnsfoley

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Why Some GE Investors Welcome Another Dividend CutWhy Some GE Investors Welcome Another Dividend CutInvestors in General Electric are bracing for the company to slash or suspend its dividend when it reports quarterly results this week. For some, such a cut may come as a relief.
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GE Slashes Dividend, Plans to Split Up Power UnitGE Slashes Dividend, Plans to Split Up Power UnitGeneral Electric slashed its dividend and said it would split its power division into two units, in the first moves to restructure the struggling conglomerate under new CEO Larry Culp.
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GE slashes dividend to a penny to fix debt-riddled balance sheetGE slashes dividend to a penny to fix debt-riddled balance sheetCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
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Stocks making the biggest move premarket: KO, GE, PFE, TPR, UAA & moreStocks making the biggest move premarket: KO, GE, PFE, TPR, UAA & moreSome of the names on the move ahead of the open.
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GE says SEC expanding scope of ongoing accounting investigation, shares fallGE says SEC expanding scope of ongoing accounting investigation, shares fallThe company said the SEC was widening its probe of GE's accounting practices to include a $22 billion charge in the third quarter related to acquisitions made in its power business.
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GE Slashes Dividend, Discloses DOJ Probe of AccountingGE Slashes Dividend, Discloses DOJ Probe of AccountingGeneral Electric slashed its dividend to a token amount and said federal regulators had opened a criminal probe of its accounting practices, as the struggling conglomerate seeks to restructure under new CEO Larry Culp.
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GE and Baker Hughes amend agreements, including reduced BHGE payments to GE over timeGE and Baker Hughes amend agreements, including reduced BHGE payments to GE over timeBaker Hughes, a GE company and General Electric Co. announced Tuesday a number of long-term agreements, including a reduction in Baker Hughes payments to GE, a collaboration on critical rotating equipment and creating a joint venture to provide aeroderivative engine services. GE's stock rallied 1.6% in premarket trade, after tumbling 12% the past two sessions to close Monday at a 9 1/2-year low. Baker Hughes shares dropped 2.7% premarket after falling 12% the previous two sessions. The rotating equipment deal will include aeroderivative and heavy-duty gas turbine technology, while the JV will serve the oil and gas and industrial markets. GE has recently had issues with an H-frame gas turbine blade, which forced a shutdown of an Exelon Corp. facility. Separately, Baker Hughes will have access to GE Digital software and technology, the companies have agreed to maintain current operations and pricing levels within Baker Hughes' Control product line, GE will transfer certain U.K. pension liabilities to Baker Hughes, and the intercompany services fee that Baker Hughes pays to GE will be reduced over time beginning next year. GE's stock has plunged 36% over the past three months through Monday and Baker Hughes shares have tumbled 31%, while the S&P 500 has lost 3.4%.
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Breakingviews TV: Shocking GEBreakingviews TV: Shocking GEGeneral Electric could go from bad to worse in 2019. With the ailing firm ever more dependent on aviation, Lauren Silva Laughlin explains that a downturn in the airline business or poorer financing terms at GE Capital could frustrate CEO Larry Culp’s...
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