The latest stumble was driven by an $872 million loss at GE Power, the company's turbine division. Investors expressed relief that GE doesn't need to pay more than the $1.5 billion it previously set aside for WMC. GE Power has been slashing jobs and shutting facilities. Once the world's most valuable company, GE has been slammed by years of bad decisions, including poorly timed acquisitions and heaps of debt. GE said it sold about $8 billion of assets in the fourth quarter, bringing 2018 sales to $15 billion.

Source: CNN January 31, 2019 11:59 UTC