General Electric Co. slashed its 2017 projections as new Chief Executive John Flannery started to outline his restructuring plans, setting a goal to exit more than $20 billion of the struggling conglomerate’s businesses. “Our results are unacceptable to say the least,” Mr. Flannery said on a conference call Friday, noting that his review of the company is exhaustive and everything is on the table. “Things will not stay the same at GE.”...

Source: Wall Street Journal October 20, 2017 11:10 UTC