GE streamlines its operations to gain efficiency, growth

[MoneyGuy]

NEW YORK (MarketWatch) -- General Electric Co. said Friday it would streamline its operations by folding its six business segments into four. The Fairfield, Conn.-based conglomerate and Dow 30 component said its new units now comprise GE Technology Infrastructure, GE Energy Infrastructure, GE Capital, and NBC Universal. Further, GE named newly appointed vice chairman John Krenicki to head GE Energy. Krenicki, 46, was previously CEO of GE Energy. "Infrastructure leads our growth, with revenues approaching $90 billion," said CEO Jeff Immelt. "The new organization will put two strong leaders in position to drive execution." GE shares were down a fraction at last check to $28.62.

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[Fotno]

Hmmm.
Downsizing maybe?