General Electric blamed disruption in the sector worldwide. The move comes as its new chief executive seeks to streamline the operations that once defined it.
The president of the United Auto Workers union condemned Ford Motor's strategy to move production of certain electric vehicles to Mexico.
The dividend cut is only the second since the Great Depression for General Electric. It comes as John Flannery, the new chief executive, moves to make it a smaller, more focused company.
Barclays has announced plans to cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia. The move comes at a time when new Chief Executive Jes Staley attempts to reduce costs and boost retur...
General Electric says it will cut 12,000 jobs worldwide in its power generation division, as demand for gas turbines has dropped dramatically as the demand for renewable energy rises.