Chipotle GE Shares Plunge

Chipotle GE Shares Plunge

General Electric set forth a new agenda on Monday as it tries to restructure its way back to stronger growth, with earnings estimates lower than Wall Street forecasts, a reduced dividend and an aggressive corporate restructuring.
The Boston-based 125-year-old industrial conglomerate also said it was cutting the number of seats on its board as part of what its chief executive called "a reset year" in 2018. GE also will be slicing 25 percent of staff from the home office.
Investors recoiled at the news about the dividend and restructuring, sending shares down 7.2 percent Monday in heavy trading. The selling pressure picked up as the trading day went on with the shares down as much as 8.5 percent at one point. ...

http://www.wnd.com/2017/11/chipotle-stocks-plunge-after-actor-says-he-got-violently-sick/

https://www.cnbc.com/2017/11/13/ge-announces-broad-restructuring-to-keep-health-care-aviation-and-energy-units.html

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