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Crisis-stricken GE braces itself for more belt-tightening

Industrial behemoth prepares to slice up its empire again, selling major business segments and laying off thousands

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Newly installed CEO John Flannery, under pressure from activist investor Nelson Peltz, has promised to change the company's culture and may announce new steps in that direction.

New York

ICONIC American industrial behemoth General Electric (GE), which has lost investor confidence amid bad investment decisions, is preparing to slice up its empire again, selling major business segments and laying off thousands.

Hammered by financial markets, with its market

sentifi.com

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