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Earnings Report

GE slashes dividend, takes $22 billion charge in 3Q

General Electric Co. is slashing its dividend from 12 cents, to a penny, and taking a $22 billion impairment charge for its power division, which is a crucial segment of its operations going forward.

Coke rides on sales of healthier drinks

Strong sales of sparkling water and sugar-free drinks are powering third-quarter earnings for Coca-Cola Co. The company on Tuesday posted net income of $1.88 billion, or 44 cents per share.

Tapestry: Fiscal 1Q Earnings Snapshot

Tapestry Inc. (TPR) on Tuesday reported fiscal first-quarter net income of $122.3 million, after reporting a loss in the same period a year earlier.