A two-day tumble has erased 13% from General Electric Co.’s share price, causing the conglomerate to lose its crown as the biggest U.S. industrial company as Wall Street digests a turnaround plan announced Monday. GE’s new chief executive, John Flannery, said Monday the company would cut its dividend in half and shed multiple divisions, and that it may take years for a recovery. The lack of a dramatic move, such as a breakup or dropping a major division, and the long timeline aren’t sitting well with investors who waited...

Source: Wall Street Journal November 14, 2017 22:07 UTC