Industrials Fall as GE Cuts Dividend -- Industrials Roundup

Features Dow Jones Newswires

Shares of manufacturing and transportation declined after GE slashed its dividend.

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General Electric's new Chief Executive John Flannery said he has decided to cut the 125-year-old industrial conglomerate's dividend by half. Mr. Flannery said he would shrink the size of GE's board, look to sell out of its stake in oil-services company Baker Hughes and focus on three business units -- power, aviation and health care.

Shares of Boeing rose after Emirates Airline committed to purchase $15.1 billion of its 787 Dreamliners.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 13, 2017 17:11 ET (22:11 GMT)