GE Is Crashing

@zerohedge -

@zerohedge—The pre-market buyers of last resort, hoping that GE just kitchen-sinked by slashing its dividend by 50%... are in trouble. Everything was fine until CEO Flannery started speaking... *GE TO BORROW $6 BILLION FOR PENSION CONTRIBUTION, CEO SAYS *GE CEO: ALSTOM ACQUISITION PERFORMING BELOW EXPECTATIONS *GE CEO: GE POWER EXACERBATED ITS PROBLEMS W/POOR EXECUTION *GE CEO SEES `LIMITED' M&A IN THE NEAR TERM *GE CEO: NEW, SIMPLER EARNINGS METRICS TO FOCUS ON CASH The company also announced that...

GE Is Crashing... Again. After Friday's farcical face-ripping ramp back to recent highs (from a 10% plunge pre-market) after dismal earnings and outlook, it appears 'investors' took the weekend to actually read the report and transcripts... Someone turn the bloody machines back on!! Bloomberg reports that General Electric’s weak third-quarter results and outlook prompted multiple rating downgrades on Monday, with most analysts warning of an impending dividend cut. However, bullish analysts note that there doesn’t seem...