Has long managed to turn a profit from seemingly incompatible industries but thats all changed so its going to shrink operations down to three profitable core businesses aviation power and health care practically Everything Else will be sold off to the tune of twenty billion dollars and flannery is also slashing the dividend only the second time its done so since one thousand thirty eight the eighth biggest dividend cut in its history will help g. E. Avoid a cash crunch. Its of course a big topic and we want to discuss it with our financial correspondent on wall street sophie she mounts the sophie hi good to see you youre at the New York Stock Exchange where weve seen these reactions eight percent thats actually a very big loss is it that investors are really not betting on g. E. s future. Yeah well that is quite a strong reaction i mean the company is one hundred twenty five years old has a quite diversified portfolio if not fragmented so focusing in streamlining doesnt sound bad in o
Going to shrink operations down to three profitable core businesses aviation power and health care practically Everything Else will be sold off to the tune of twenty billion dollars and flannery is also slashing the dividend only the second time its done so since one thousand thirty eight the eighth biggest dividend cut in its history will help g. E. Avoid a cash crunch. Its of course a big topic and we want to discuss it with our financial correspondent on wall street sophie she mounts the sophie hi good to see you youre at the New York Stock Exchange where weve seen these reactions eight percent thats actually a very big loss is it that investors are really not betting on g. E. s future. Yeah well that is quite a strong reaction i mean the company is one hundred twenty five years old has a quite diversified portfolio if not fragmented so focusing and streamlining doesnt sound bad in order to restructure a huge company like g. E. And the long term and clearly this is the main concept
Lawyers working tonight and over the weekend on the case. What type of defense or witnesses theyll bring forward, defense very quiet about that not even cueing in prosecutors how many witnesses they plan to call. Norristown, for nbc 10 news. And bill cosby said he wouldnt testify but now starting to hear the comedian just might take the stand . Reporter it is interesting. His team has been very quiet taking very little or no questions throughout many of the months of proceedings leading up to today. Today his spokesman came out to the steps of the courthouse and began giving a question and answer session with reporters standing here. He talked about cosbys reaction to the deposition and also talked about the fact that in a game, you can change up players and change up strategies. When asked about cosby taking the stand he said im not going to give up our strategy, but things on that end could change as well. Reporting live for us. Thank you. Stay with nbc 10 onair and online for update
Government effort to help trumps candidacy. Will this hamper the ability to connect his agenda . Wci could drop below 40 blocks per barrel if efforts to rebalance the market do not therethrough what it takes to get direction from opec. A look at futures here, we are looking at possible games this morning gains this morning. Stocks continue to rise, i pause a minutes because i want to point out that we had muted trading. 20 below the month average yesterday. This morning trading as light as well. Green arrows nonetheless. You wonder what kind of convictions behind those purchases. Bunds here. At today we have seen a slight gain to 0. 554. Is point if you take a look at the threeday trade, we kind of crescendo there at 0. 58 yeilds continue to retire after going up. 5 . Guy you can see the Market Positioning. Market is generally wellbuilt come all south korea has also bit this morning. Thats what youre seeing bid this morning. That is what you are seeing. The real story is the affects ma
Called to the school. According to officers azamater was discussed dominic jordan came forward claiming that the bullet was his, jordan then turned over to police over 40 live round of ammunition, officers say jordan denied having a weapon but then when his bag was searched they recovered a 40 caliber glock. Jordan is not a teacher or a scheme employee at drexel hill , but independent aid caring for an eighth grader with special need. This kid that he is supposed to be monitoring, is an eighth grader, you know, what happens if that child or any child gets a hold of that gun and then firearms, i mean, you can see that this guy, is armed for warfare. Reporter heres the thing police tell us it would have been very difficult to track down who that bullet belonged to if jordan did not essentially ask for it back. He did have a permit to carry this weapon but, of course, that does not apply to schools he has been charged with possessing a weapon on school property. Reporting live, alexandria