New GE chief slashes forecasts, plans to exit $20 billion in businesses

New GE chief slashes forecasts, plans to exit $20 billion in businesses

General Electric Co. GE 1.99% slashed its 2017 projections as new Chief Executive John Flannery’s started to outline his restructuring plans, setting a goal to exit more than $20 billion of the struggling conglomerate’s businesses.   Mr. Flannery, who came into the job in August and recently became chairman with the early exit of Jeff…

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