Previously planned even a few months ago and cullen an alleged plot im confident that quote there is no quick fix for g. E. And the stock remains that biased to the downside and lag in bird says it would take g. E. C. E. O. Philander eighty five years to turn the company around after cutting g. E. s dividend and restructuring its units bart thank you Ashley Archie america correspondent actually banks and well have more on this coming up to the great big story Thomas Edison started this company so much to get to thank you actually wrote them. Two weeks into the new year now it was about the time that people all around the country are coming down from their Christmas Parties and returning their post holiday to their post holiday lives this also includes returning or exchanging some gifts they received. But to the dismay of middy they will find that their gift word fact counterfeit goods village chan digs a little deeper into that manila each year countries trade goods worth hundreds of b
Worth in q four the Fourth Quarter and bank of a big bank of america rather still posted a profit of two point three seven billion even given that loss and they take it as a sign from analysts that the bank has gotten past a fairly rough period. Ten. Market watchers are buzzing over news that General Electrics leadership is considering a breakup of the iconic u. S. Megacorporation c. E. O. John flannery had floated the idea before and said tuesday that g. E. Is quote looking aggressively at many permutations the story is big if true and as they say well keep an eye on it but to give you a sense of how big it is archies ashley banks joins us to explain what a breakup of this Mega Corporation would mean and how all these pieces of the puzzle could be put together or apart actually well barred wall street is now scrambling to evaluate the standalone value of g. E. s visit says now over the last year the companys stock has been the worst performing on the Dow Jones Industrial average accor
Energy Financial Services g. E. Real estate g. E. Oil and gas and many others although industrial analyst Brian Ilagan Berg says the g. E. s healthcare and aviation units are doing well in General Electric will likely break up as a business as starting as early as the spring theres a porsche l. Shareholder returns and the past year now a recent review found g. E. Is looking to take a six point two billion dollars after tax charge for the Fourth Quarter of twenty seventeen now the companys c. E. O. John flannery said we are looking aggressively as the best structure or structures for our portfolio to maximize the potential of our businesses the company is also expected to contribute fifteen billion dollars over the next seven years to shore up the portfolios reservoir reserves excuse me j. P. Morgan comment at saying this to us is not about. Sense of Value Creation and more an acknowledgement that the problems for crude the company from moving forward as previously planned even a few mo