From MarketWatch:
General Electric Co. said Friday it will reorganize its operations by folding its six business segments into four, in a bid to improve future growth and prop up a slumping share price....
...The Fairfield, Conn.-based conglomerate said its new units now comprise technology infrastructure, energy infrastructure, capital and NBC Universal. The move continues a trend over the years of consolidating the sprawling company's multiple divisions....
...GE also named newly appointed vice chairman John Krenicki to head its newly configured energy unit. Krenicki, 46, was previously chief executive of the old GE Energy....
Two from 24/7 Wall Street:
GE (GE) Restructuring May Take A Number Of Quarters To Bear Fruit
...The shuffling of divisions and management should really not interest investors. GE's shares are now inexpensive by almost any measure. With the exception of an unforeseeable major problem, GE is predicting relative robust growth despite a slowing economy.With a gold-plated balance sheet and tremendous cash flow, GE is not a $28 stock. Not in a period when most other stocks are becoming more risky as the months pass.
Over the next year, GE may not get back to its 52-week high of $42.15, but its results and financial strength in a deteriorating economy make it one of the most attractive big cap stocks in the market....
And:
Cramer Gets Behind General Electric (GE)
On tonight's MAD MONEY on CNBC, Jim Cramer came out talking up the aspects of General Electric Co. (NYSE: GE)
Cramer discussed how it is winning in financial services while others are failing, noted how it hasn't rallied with other financial stocks, discussed the consolidation of its enterprise, and more. He also noted how it is winning in energy and alternative energy and noted how the new $8 Billion pact with Mubadala in Abu Dhabi is going to bring in a shareholder who has committed to buy millions of shares of stock in the open market to become one of GE's largest shareholders....MORE
