GE downsizing plans for its world headquarters in Boston

BOSTON (AP) — General Electric announced Thursday it will downsize its world headquarters in Boston and will return $87 million that Massachusetts spent as part of an incentives package to lure the company from Connecticut three years ago.
The industrial conglomerate has been restructuring its operations amid sagging profits and other negative developments in recent years.
GE said it was formally dropping plans to build a 12-story office tower on the city's waterfront that was to be the ce