General Electric slashes its dividend by 50% (GE)

General Electric's board of directors announced plans to cut the company's dividend by 50% to $0.12 a share.
The company is said to be considering other cost-cutting measures.This was the first dividend cut by GE since 2009.General Electric's board of directors on Monday announced plans to cut the company's dividend in half to $0.12 a share.
"We understand the importance of this decision to our shareowners and we have not made it lightly," GE's chairman and CEO, John Flannery, said in the relea