Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in major Asia Pacific markets made strong gains on Friday, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
General Electric shares fell as low as $6.66 share in trading Tuesday, a level which marked the lowest close for the stock during the financial crisis a decade ago.
GE made its painful dividend cut official last week, with the company's board of directors authorizing the payout to be cut to just a penny a share. Many analysts on Wall Street have warned clients that the dividend cut is likely just the beginning of a slow and difficult process for GE.
The stock has been battered this year, falling more than 61 percent. Despite a brief rally after the appointment of Larry Culp as chairman and CEO, the beleaguered industrial company's stock has sold off.
GE shares have lost more than 33 percent since the company reported third-quarter earnings on Oct. 30. That day saw GE announce the quarterly dividend cut, report much lower earnings than Wall Street expected and reveal that the SEC and DOJ were expanding the scope of ongoing accounting investigations into the company's accounting practices.
GE shares closed down 2 percent at $6.76 a share on Tuesday, its third-lowest close since the financial crisis. It closed at $6.66 on March 5, 2009. Its intraday low during the financial crisis was $5.73.
Culp acknowledged in an interview with CNBC in November that his decision to slash the quarterly dividend to a penny sent regular investors scrambling.
"When we announced on our earnings conference call that we were taking our dividend down to 4 cents a year, we didn't do anything positive for our retail shareholder base and they have been exiting the stock, I think, as a result," Culp said.
At the time Culp said he "would make those same decisions," even as the stock was sliding steadily. "Those were the right decisions to make sure the company is facing forward," Culp said.
About one-third of GE shares are held by retail investors, a higher than average mix for a public company.