Shares of manufacturing and transportation declined after GE slashed its dividend.
Continue Reading Below
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, firstname.lastname@example.org
(END) Dow Jones Newswires
November 13, 2017 17:11 ET (22:11 GMT)