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GE Shares Drop 10% After Slashing Dividend and Revealing a DOJ Investigation

Culp is moving to accelerate a turnaround at the company.

General Electric’s investors knocked the company’s share price below $10 this week after the company announced its quarterly results, a cut in its dividend and news of an investigation by the U.S. Department of Justice in the first earnings report by the company’s new chairman and CEO, Larry Culp, Jr.

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