GE cuts dividend from 12 cents/share to 1cent/share. Stock is up in pre-market.
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Good news. Smart stuff. Given the long term service agreement problems in power and the lack of clarity about revenues, future profits etc etc it makes a lot of sense to split a power into a group responsible for fulfilling today's contracts and a second group responsible for selling long-term work. Right now, Services out of Atlanta is a mixed bag.