JP Morgan: GE is likely 'seriously considering' another dividend cut

10:55 AM ET Tue, 22 May 2018

General Electric still needs billions of dollars in additional capital to pacify investors and credit rating agencies, according to J.P. Morgan. Hoping to ease such concerns, the besieged industrial conglomerate announced Monday its decision to merge its transportation business with Wabtec in a transaction valued at $11.1 billion.