General Electric Co will radically shrink to focus on aviation, power and healthcare, betting on sectors where it thinks it can make a profit

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GE chops dividend 50 amid fresh focus on power, aviation, healthcare equipment

- livemint.com
13 Nov 2017
Chief executive officer (CEO) John Flannery is planning to focus on aviation, power, renewable-energy and healthcare equipment when he unveils his plan for GE at an investor meeting later on Monday, said a person familiar with the matter. He's also preparing to exit some other businesses and chopping the quarterly payout in half--only the second cut since the Great Depression.

GE Investors Aren't Impressed by the New CEO's Sweeping Revamp

13 Nov 2017
Then things got worse. In front of hundreds of investors in Midtown Manhattan, the new CEO delivered his long-awaited plan to shrink the beleaguered company back into Wall Street's good graces. GE, he said, would now focus on just three businesses -- power, aviation and health-care equipment -- and exit others that have helped define the quintessential American ...
- bloomberg.com

NTPC Q2 profit marginally down YoY at Rs 2,445 crore but meets Street estimates, Energy News, ET EnergyWorld

- energy.economictimes.indiatime...
13 Nov 2017
Delhi's Odd-Even drive apt as emergency response in winters: US Universities' study / Over 600 per cent jump in Railways' earnings from imported coal transport for power plants / Over 600 per cent jump in Railways' earnings from imported coal transport for power plants / Govt awards 250 Mw power capacity under second wind auction to Sembcorp Green Infra / L hydrocarbon arm ...

India's Tata Power Doubles Profit From Renewable Energy Division To 27 Million

13 Nov 2017
Tata Power Renewable Energy, a wholly owned subsidiary of Tata Power, had acquired 31 solar and 2 wind energy projects from Welspun Energy. The company itself has secured rights to develop several solar power projects, and recently commissioned a 30 megawatt project in the state of Maharashtra.
- cleantechnica.com
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