General Electric hits 9-year low amidst divestiture spree

Ever since General Electric (GE) embarked on a mammoth restructuring program last year, its market value has been declining at a pace as huge as the once-prodigious engineering conglomerate. Adding to the slump, the company recorded a double-digit fall in second-quarter earnings, hurt by higher costs. The dismal scenario casts doubts over the chances of … Continue reading General Electric hits 9-year low amidst divestiture spree