Topic: How To Invest

Dividend Advisor Hotline – Friday, October 5, 2018

Article Excerpt

GENERAL ELECTRIC CO., $13.18, New York symbol GE, plans to narrow its focus to three main businesses: electrical power equipment (such as turbines and related equipment for gas-fired and nuclear power plants); renewable power equipment for wind farms and hydroelectric plants; and aviation products (jet engines and aircraft electronics). As a result, GE will spin off its healthcare operations as a separate firm. That business makes a variety of electrical equipment for hospitals and medical clinics, including magnetic resonance imaging machines. In addition, GE plans to sell its 62.5% stake in subsidiary Baker Hughes, a GE Co. (New York symbol BHGE) over the next two to three years. That business sells a variety of services and products to help exploration companies extract more oil and gas from their wells. This week, the company replaced John Flannery as its CEO with Larry Culp, the former CEO of Danaher Corp. (New York symbol DHR). The board of directors feel that Mr. Culp, who spearheaded Danaher’s spinoff…