Replies to post #16687 on The Rising Influence of Rising Affluence

[DewDiligence]

WAB’s PR on the (complex) GE deal:

https://globenewswire.com/news-release/2018/05/21/1509244/0/en/Wabtec-and-GE-Transportation-to-Merge-Creating-Global-Leader-for-Rail-Equipment-Services-and-Software.html

[DewDiligence]

Blow-by-blow account of GE’s misery (Fortune):

http://fortune.com/longform/ge-decline-what-the-hell-happened/

[wow_happens28]

GE Drops Out of the Dow After More Than a Century
General Electric is being replaced by Walgreens Boots Alliance, in the latest setback for a troubled conglomerate that once had highest market value of any U.S. corporation
By Michael Wursthorn and
Thomas Gryta
Updated June 19, 2018 6:34 p.m. ET

General Electric Co. will drop out of the Dow Jones Industrial Average next week, a milestone in the decline of a firm that once ranked among the mightiest of blue-chips and was a pillar of the U.S. economy.

https://www.wsj.com/articles/walgreens-to-replace-ge-in-dow-industrials-1529443336?mod=trending_now_3

[DewDiligence]

GE +7% on planned spinoff of healthcare business and divestiture of BHI:

https://www.wsj.com/articles/ge-to-spin-off-health-care-business-in-latest-revamp-1530005401

What will be left? Power, aviation, renewable energy, and GE Capital.

Another dividend cut is likely following the healthcare spinoff.