just in march actually general electric was saying that they see huge improvement in the power business and that obviously did not materialize but it's also not the first time that there was a misjudgment. that generated place wrong bets in the ninety's for example back then jack welch put high stakes on the financial industry and then the company got hit hard when the financial crisis started in two thousand and seven and two thousand and eight and the g.e. stock has been losing this year do investors even think this restructuring process will work. investors do believe that it is important to get back in shape and that also means getting rid of some divisions but there's still not fully convinced that john flannery who started at the head of the general electric will have an easier time since there was even more pressure on the stock price of the stock lost almost half its value since the beginning of the year in fall john flannery announced to cut the dividend and half that also did not really go along very well here on wall street's all there so wall street does not fully convinced

general electric cut thousands of jobs saying renewable energies are affecting its fossil fuels division it's part of a massive restructuring program. also on the show global financial regulators have finally agreed on new banking rules after tough negotiations the final product was unveiled today. and millions of people around the world work in illegal mines risking their health we'll tell you why licensed mining companies want to stop that . it's time for business i'm here you know to get us welcome to the program when you hear the word restructuring in the world of business that can almost always be linked to job cuts general electric has confirmed its axing twelve thousand jobs at its global power business it's trying to become a more focused company and if this story sounds familiar look no further than here in germany g.e. decided on the cuts it says to save over a billion euros in twenty eighteen the company's stock has plunged forty four percent this year and the downturn is not only affected g.e. rival siemens is cutting about six thousand nine hundred jobs its power and gas div

affordable, fast fedex ground. >> welcome back, it has been a tough year for general electric.ew ceo john flannery announcing major restructuring plans for the company's operations and also cutting its dividend by 50%. the stock the biggest loser on the dow industrial this year, down better than 40% in 2017. bob was an integral part of their senior executive suite for 30 years. i asked him to take us inside. look at the company's future and whether he would actually buy g.e. stock today. >> it's really heartbreaking for me. i was so privileged to be part of general electric for 30 years, to have jack welch as a mentor in providing leadership and really help formulate a lot of my leadership skills and management skills. it was such a collegiate kind of competitiveness there were no one through anybody under the bus. if i was short a couple of pennies jim mcnerney would jump in or vice versa. it was just a wonderful, competitive, spirited, passionate kind of culture. >> but a team. >> it was a team culture. everybody took the field, were the same jersey. played for the logo on th

all electric generation needs government support to enable it to get built. generation, we need to make sure they stay that way and get to the stage where they can be built without any form of government support. that's when we have really cracked it. if we are going to heat our homes using electricity and going to drive electric vehicles, we need toe make sure we are not putting coal into our cars, we need to be putting clean electricity into our cars cars to charge them. on that point about electric cars, do you think we are on track to make as much progress as you would like the see on that? the uk government has said that it will end the sale of petrol and diesel cars by 2040. we think we should be going much faster than that. scotland has said they'll do it in #20e 32. india, ireland and austria are doing it in 2030, for way in 2025. the fact is that the car manufacturers are signalling the move towards affordable electric vehicles and over half of british motorists say that they expect to be buying an electric vehicle in the next five years, so motorist

next week governance thank you very much three years after it bought the french alstom group general electric now plans to cut another four thousand five hundred jobs in europe according to media reports affected our plants in switzerland germany and the u.k. g.e. acquired the energy business business off alstom in twenty fourteen after alstom split up to pursue a separate merger of its train division with germany siemens itself has not confirmed any job cuts yet. and that cut only comes a few weeks ago after a few weeks ago germany's siemens announced it is cutting eight thousand jobs from its gas turbine business o'connor who is in frankfurt is this a bellwether for the industry is it time for investors to get out of the energy sector on the whole. you know get hard it's always a good idea to take of the differences between companies into account in the case of general electric it's simply become clear that the strategy of the company of growing become the market leader take over competitor like i'll start. and get rid of this competitor by taking it over. kept the managers too busy they ju

it would have been unthinkable ten years ago to not be generating electricity without coal so almostal so almostjust proving that we are capable of tackling climate change, and not that we had to spend a fortune to do it, these technologies have come down in price dramatically and are creating jobs and contributing to uk growth. heart—warming christmas tale, we can move heart—warming christmas tale, we can m ove o nto heart—warming christmas tale, we can move onto our favourite of the day which is the envelope that was full of money and was found in a london pub at closing time. following a social media campaign, eventually the money found its way back to its rightful owner. i have been speaking to the manager of the pub and his wife, and they explained what happened a few days before christmas. he was in the on thursday night, i think he had had a few beers. and when everybody cleared out, it was very busy and we found a way to back it under one of the chairs. it was a sealed envelope, an old—fashioned wage chairs. it was a sealed envelope, an old —fashioned wage packet. chairs. it

investment in electricity generation has been lagging for far too long in part because of corruption and mismanagement. it makes life hard for companies hampering production and job creation. the government has promised to boost electricity production. it's declared aim is to ensure that seventy five percent of the population gets a connection by twenty twenty five to accomplish that generating capacity will be increased to ten thousand megawatts a year over the next few years using gas and coal hydroelectric plant will also be build to double the current production level of one thousand five hundred megawatts a year but the plant will be built in a nature reserve something which is stirring passions environmental activists and unesco are calling for a halt to the project they say the reserve is home to a large population of wild animals and that it is already under threat from poaching and a lack of funding. if you're up to date with the latest from the world of business for more find us on facebook follow us on twitter on the school business on there as well. because it's easy to sn

almost just proving that generating electricity without coal.ckling climate change and not that we have to spend a fortune to do it. these technologies have come down in price dramatically, they are contributing tojob growth. dramatically, they are contributing to job growth. you would say we need more investment? it all requires some sort of government support to enable it to get built. we need to make sure solar and wind, they're already the cheapest form, we need to make sure they stay that way and get to the stage where they can be built without any form of government support. that's when we've really cracked it. if we are going to heat our homes using electricity and drive electric vehicles, then of course we need to make sure that we are not putting coal into our cars, we need to be putting clean electricity into our cars. on that point about electric cars, do you think we are on track to make as much progress as you would like to see on that? well, the uk government's said that it will end the sale of petrol and diesel cars by 2040. we th

we just need to make sure solar and wind are already the cheapest forms of electricity generation, weny —— without any form of government support. but when we have cracked it. we're going to heat our homes using electricity and are going to drive electric vehicles we need to make sure we're not putting coal into our cars, we need to be putting clean electricity into our ca rs putting clean electricity into our cars tojudge them. putting clean electricity into our cars to judge them. on that point about electric cars, do you think we are on track to make as much progress as you would like to see on that? uk government has said it will end the sale of petrol and diesel ca rs by end the sale of petrol and diesel cars by 2040. we think we should be going much faster than that. scotla nd going much faster than that. scotland has said they will do it in 2032. india, ireland and austria are doing 2030, norway in 2025. the fact is the car manufacturers are signalling the move towards affordable electric vehicles. 0ver half of british motorists say they expect to be buying an electric vehicle

general electric has been the worst performer in the dow jones industriall a avee ininhe last twelve m months with shares losing a whopping forty four percent of their value. plus changed their laura fascinating categorize indicated over the business was he so rightly stay with us much was a male france24 12/07/17 12/07/17 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! pres. trump: today we finally acknowledge that jerusalem is israel's capital. amy: protests erupt across the west bank and gaza after president trump announces he will recognize jerusalem as the capital of israel and move the u.s. embassy there from tel aviv. palestinian president mahmoud abbas said the order means the united states had abdicated its role as mediator in the middle east peace process.

jack welch was the best thing to happen to general electric.en: jobs immelt was not an individual who could run a company that jack assembled. immelt was not capable of running it. >> john finger at $20 billion of assets which certainly puts a negative position at the negotiating table. maria: will talk more about this. all i said the federal reserve to raise interest rates. janet yellen with enough beat news tissue is behind. correction officers fury. officers from riker's island standoff after former nfl quarterback colin kaepernick makes a visit to riker's island and the prisoners. back in a minute. from the very beginning ... it was always our singular focus. to do whatever it takes, use every possible resource. to fight cancer. and never lose sight of the patients we're fighting for. our cancer treatment specialists share the same vision. experts from all over the world, working closely together to deliver truly personalized cancer care. and these are the specialists we're proud to call our own. expert medicine works here. learn more at ca

well three years after its acquisition of the french alstom group general electric plans to cut another four and a half thousand jobs in europe that's according to media reports affected our plants in switzerland and germany and in the united kingdom general electric acquired the energy business of alstom in twenty fourteen after the company had split up to pursue a separate merger of its train division with germany's siemens g.e. itself has not confirmed any job cuts. all right to arts now and the odd world has a new star so me that's right monica tanzanian born artist has made history by becoming the first black woman to win britain's most prestigious are an award the turner prize needs scoop the award worth around twenty eight thousand euros for her work addressing racial politics and the legacy of slavery we know that. the price is that bad you know. it's been a long wait for look in a handmade she's not only the first black woman to pick up the turner prize but also the oldest ever went of britain's most prestigious are towards the sixty three year old artist thank those who suppor

and the largest and most profitable corporations, companies like apple, microsoft, pfizer, general electric, who despite record-breaking profits, they're going to see very, very large tax breaks to the tune of many billions of dollars. now at a time when the very wealthy are becoming much rich richer, tens of millions of american families are struggling to keep their heads above water economically. 40 million americans are living in poverty. the nonpartisan tax policy center tells us that in terms of this legislation, 83% of the tax benefits will go to the top 1% by the end of the decade. 83% of the tax benefits go to the top 1% who are already doing phenomenally well. 60% of the benefits will go to the top .1 %. meanwhile at the end of ten years, some 92 million middle-class households will be paying more in taxes. and then on top of all of that, as the only nation, major country on earth not to guarantee health care to all people, this bill will result in 13 million americans losing their health insurance. i understand the president was really excited about this. hey, what a great day. 13

. >> at least 30% of the power grid still not generating electricity.after hurricane maria, this is the situation. the percentage of people without power is much higher. most of puerto rico hopes to have power by the end of february, but it's likely to be the end of may before all the power is restored. >>> now to a health alert about the flu. the cdc tells the "washington post" there's a 30% chance the flu season will peak next week. most of the cases are linked to a powerful strain that's highly contagious. doctors are urging people to get the flu vaccine even though it's only about 10% effective. >>> serena williams getting back to the business of tennis. three months after becoming a ma mom, serena williams hits the courts, it will be the first match since the first stages of her pregnant at this. > >>> we've had the butt interception. and now the ball lands right on the seat of his pants. >> a couple teammates helping keep it secured so he could grab it in a more conventional way. >>> coming up, our christmas special, diane macedo makes an appearan

coming up, general electric cutting 12,000 jobs as its new ceo tries to turn the troubled company aroundl analyze what is next. this is bloomberg. ♪ vonnie: that is a beautiful shot of new york city. live from bloomberg world headquarters in new york, i am vonnie quinn. shery: this is "bloomberg markets." gaining, while the dow is reversing. the s&p 500 is up 4/10 of 1%. we are talking about tech shares, people thinking if the selloff was overtime. overdone. reform, the on tax government shutdown, even brexit negotiations. we are seeing energy stocks gaining ground. vonnie: let's get to the bloomberg first word news with mark crumpton. the groundswell of opposition from his own party, including from several female colleagues who said they consider him a friend -- senator franken announced he is residing in the coming weeks amid allegations of sexual misconduct. class and important part of the conversation we have been having last few months has been about how men abuse their power and privilege to hurt women. i am proud that during my time in the senate i have used my power to be a champ

general electric is to cut some twelve thousand jobs worldwide including six thousand five hundred in germany the cuts will come mainly in its power and gas division the u.s. industrial giant projects dwindling demand for fossil fuels in the face of rapid growth in renewables like wind and solar. expects savings of over a billion euros with a downsizing. the european union has blacklisted seventeen countries worldwide for being tax havens this is part of attempts to crack down on jurisdictions that deprive the e.u. of billions in tax revenues by shaming them publicly the e.u. hopes to persuade these countries to make reforms included on the list are south korea. panama. aid organizations like oxfam have complained that european tax havens like malta luxembourg and ireland aren't on the list. the irish government says it expects apple to begin paying back up to thirteen billion euros and unpaid taxes. the european commission had ruled last year that the i phone maker must reimburse the irish state for the money ireland initially didn't want to break its agreement with apple by taking t

more layoffs general electric ceo john flannery tries to turn the struggling company around. reduce the power segment's head count by 12,000 or 18%, mostly overseas, over the next year and a half power is ge's biggest business, accounts for a third of sales, the most jobs and recently became a big source of pain. profit in the yun plunged last quarter and a key reason the 2018 earnings forecast was slashed in half. that downturn has been dramatic reversal from just earlier this year when ge believed the segment, which includes $10 billion of assets mainly coal-related, would power earnings growth. to be sure, g, e is not alone. rival, seamans, announced cutting nearly 7,000 jobs. if speaks to how quickly the world is shifting from traditional energy sources to renewable ones, creating competition, driving down pricing and threatening not just orders for companies like ge, for things like gas and coal-powered turbines, but future service revenues tied to those as well. so the question now, is it too little, too late ge doubled down on fossil fuels in recent years. it didn't re

you have seen one of the stories for 2017 was real challenges at general electric.aybe that was the purchase in europe and their capital goods problems and power supplies. do you finally see capital investment, and with it the pricing power at the top line, the confidence that comes in pricing power away from retail? ed: yes. this week, or just recently, they had the nfib come out. 3 points. i don't know if it is a record high, but it is close. tom: it is a jump condition and confidence. ed: jump and it has been holding and then had a three-point jump. that affects small business. yesterday, they had the duke fuqua survey. this is ceos of major companies, both of them are up and every single survey that we do, every data point i see like durable goods, cap goods shipments, they are all up. so cap spending is stronger than i thought it would be at this point with operating rates below 80%. tom: your offices are right down the street near the abode of the president. can you give him credit for a confidence boost or is this the percolation of good news on the american

too quick it's hitting companies bottom lines and resulting in mosque layoffs around the globe general electric is the latest company said thursday it is axing twelve thousand jobs added it's global power business it's the struggling u.s. group's latest effort to shrink itself into a more focused company. g.e. decided on the cuts it says to save over a billion euros in twenty eighteen the company's stock has plunged forty four percent this year and the downturn is not only affected g.e. rival siemens is cutting about six thousand nine hundred jobs its power and gas division has also been hit by the rapid growth of renewables like wind and solar the worldwide trend is towards finding renewable energy solutions like this when park in china which generates clean energy and doesn't contribute to climate change . and solar has become a more realistic alternative since the dawn of battery storage solutions to store daylight energy the u.s. company says it expects dwindling demand for fossil fuel power plants to continue g.e. said the job cuts would primarily take place outside the united states but n

the uk is on course for its greenest year ever in electricity generation, according to figures from national thanks to the rise of renewable energy. injune, for the first time, wind, nuclear and solar power generated more of the uk's energy than gas and coal combined. since 2012, britain has halved carbon emissions in the electricity sector and now provides the fourth cleanest power system in europe. gareth redmond—king, from the world wide fund for nature, said the news was a step in the right direction. it would have been unthinkable just ten yea rs it would have been unthinkable just ten years ago not to be generating electricity without coal. and not having to spend a fortune to do it. these are contributing to growth. every second the world drinks 35,000 cups of coffee, making it a multi—billion pound industry. now, new figures show more of that money is finding its way back to coffee farmers. a un agency says farmers are benefiting from the increasing demand for ethically sourced and sustainable coffee — a trend typical of millennials. jonathan josephs reports. there has never been mor

those positions are in g-e's electrical power division, which produces giant turbines and generators.id it would cut its stock dividend in half -- just the second such cut since the great depression. there are a lot of g-e locations here in the bay ... including menlo park..san ramon... and san francisco. it's not clear yet if they'll be affected. ( marty ) with more shopping being done online.... cyber experts are sharing more ways to save before you click and buy. invisible hand is a browser extension that tracks prices at 11- thousand online stores. it will let you know if an item you like is cheaper somewhere else. you can also try honey. it's browser extension... that will find coupon codes for you. and don't overlook an abandoned online shopping cart. leave a full cart.... and you may get an email offering you a discount to complete the purchase. also just asking a store's representative though the online chat function can land you a discount. ( dave )cold start again...but mild and sunny for the afternoon. we cover your forecast, next ! ( marty ) ( marty ) for the weekend: its'

and then you'll see it's just like in a coal fire power plant to generate electricity. the energy of efficiency can be improved also further by my p.t.o. . function like even higher temperatures leave me no. more taller power before my feet get begin to. feel more expensive from fossil fuel spoke with a new technology. the price will be brought down. this is the news live from berlin a catastrophe in the making on this international migrants day looks at the desperate conditions for asylum seekers on the greek island of les paul's their search for shelter and he has sparked local anger we'll bring you an exclusive report also coming up turkey should do.

. >> i'm still a fan of general electric.e done a great job in their poster child for repatriation. i think it's a leader in the dow in 2018. >> drumroll please for 2018. by that bath and beyond, but it's down 44% since last february. what you do now? you buy, sell or hold.vñ?ñ? >> i must've missed the whole online retail thing. i would get rid of it. these big-box retailers are >> i think there's been some better retail sales numbers but not this one. >> not this one. >> he is back. he said back in may, and it's up 42%. do you still like it? >> i'm investing in actual [laughter] >> okay, take those profits. %qñ?ñ?ñalmost a year ago you tht home depotñsñ?ñ? would be pretty amazing!añ?ñ?.wñ?ñ? and well, ye right. it's up 42%. you keeping this one? >> absolutely. one of the best stocks i've the tax policy, because they have so much of their earnings in the united states will be a huge benefit for home depot. i think it goes up further. >> let's go to number one in 2017, gary b, last january you predicted caterpillar would dig u

self-contained network, like this housing community, where, if they get cut off from the main electrical supply, they can generatelectricity to meet all of their needs right here. this 14-unit development in waltham, vermont, was built by industry and non-profit groups in a first-of-its-kind experiment for low-income housing. each home has a six-kilowatt solar panel system connected to a battery, so in the case of an outage, residents can power their homes independently. and residents like alexis laberge pay nothing for electricity. >> i wasn't quite sure what to expect when they said, "we're building some solar powered housing and it's going to be energy efficient. but it's really reasonable and, as a single parent, that's really important. >> brangham: c.e.o. powell concedes that it's easier to re-imagine a power system in a rural state like hers, with just 600,000 residents. but she's convinced that even more populous cities and states need to change the way they think about energy delivery. >> i drive around different parts of brooklyn or queens, and there are, you know, neighborhood after neighborhood where

the problems continue for general electric as they look to turn things around. housand jobs. those positions are in g-e's electrical power division. that produces giant turbines and generators. the news comes weeks after g-e said it would cut its stock dividend in half. just the second such cut since the great depression. there are a lot of g-e locations here in the bay. including menlo park..san ramon... and san francisco. it's not clear yet if they'll be affected. ( darya ) coming up on the kron 4 morning news ... two vicious dogs that attacked a woman and her small dog have been tracked down. what's next for the animals ... if the owner can't be found. ( james ) and after the break... attention parents the new direct messaging app your kids may be using soon. ♪ [vo] the season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. the energy conscious whopeople among usle? say small actions can add up to something... humongous. a little thing here. a little thing there. starts to fe

general electric you and i agree is not paying 35%. >> i don't know about general electric, general motorsking at all the retail guys paying very close to that. a number of companies, too. the reason you have this differential, some companies pay lower average rates, because their earning their money outside the united states and it's staying there. we're taking the rate down to 20%. you'll see a lot of the money that can come back. interesting question, is it $1 trillion or $2 trillion that co come back? say a company brings the money back and think the best way invest in itself. buy their own bonds. i want to be invested in a company who thinks the best way to invest $1 billion is in its self, not somewhere else. if they do, shareholders get that money, reinvest it someplace else. when you bring this capital in, it doesn't get destroyed, doesn't disappear. >> i understand. it's not a destruction issue. it's a circulation issue. you and i -- book it now. figure out a time to talk. have that conversation about how you get the money into the economy in a way that works well as opposed to ju

things stand now, here's how the new dogs will look for the new year in the number ten spot, it's general electricbout 2.75% after a dividend cut nine, procter & gamble, close to 3% cisco systems around that 3% mark a hair above coca-cola, 3.2%. merck at 3.4%. chevron, 3.5%. exxon mobile north of that, about 3.7% feiser comes in at 3.5%. ibm, 3.9% and top of the heap dividend yield, verizon, 4.4%. there you have it, melissa any of these stocks may become the best in breed and may a question for traders and investors next year. backs to you. >> thank you, dom. >> by the way, merry christmas. >> oh, merry christmas to you, dom! dom chu in the newsroom. hardest working man on the show. on at 5:00 this morning on worldwide exchange. >>> carter is taking a deeper dive in the dogs in the dow theory looking a the a name that could break out next year. carter head to the flat board. >> try to pick one so obviously, you can only pick from those names that have the highest yield, typically meaning been bad performers. let's look at the -- the investment results of this premise. this is the dogs of the dow.

drive year from concentrate it and then you'll see it just like in a coal fired power plant to generate electricity. the energy efficiency can be improved also further by having my p.t.o. thought can function like even higher temperature because that's unlimited now you can only concentrate on what solar power before might be good to get them out. concentrated for power it feels more expensive about fossil fuels but with the new technologies the hope is that the price will be brought down. the u.s. supreme court has allowed child ministration to fully enforce of their.

massive job cuts coming to general electric. cheryl casone with that story, cheryl. cheryl: maria, you were just talking about this. ge confirming right now it is cutting 12,000 jobs as it shrinks its power business. the company has been struggling with sharp drop in whats and coal market and alternative demand increases, the layoffs are part of new ceo john flannery's cost-cutting agenda. he wants to reduce overhead by $1 billion this year and $2 billion next year shares of ge moving higher on the news premarket, up more than half a percent. well, as reported earlier by fox business charlie gasparino, roger goodell has signed extension to remain commissioner, the new contract could pay goodell up to $200 million, a large percentage is paid through bonuses and incentives that have been approved by nfl owners. goodell will have access to private jet but will have to pay for personal travel himself. dallas cowboys owner jerry jones was fighting the contract extension. he had threatened to sue the compensation committee during negotiations, but looks like goodell has wo

is one of twenty five local people selected to join the group politan city the idea is to generate electricity with the group's own solar power plant and recycled organic waste from livestock and use the power to produce low cost food for the local population. it was to use the. and by ok it was there by ok only feet then we did we use one for the day we threw the chickens let's go straight to the biochar it's simple for us because we're not going to waste money to pay the electricity for them it's called i don't know if you are not going to benefit anything energy from the state power company is too expensive the municipal government invested the equivalent of three million euros in politan city's infrastructure each farmer is given a house a chicken farm a greenhouse a thousand chicks and animal feed project manager selma fargo is confident the green project will succeed in the long term the group bulletin city was developed in mind with shaw casing. and demonstrating. the nobility element of a south a neighbor living and working environment with somewhat included incorporated in the project

dow closed up 70-point, the nasdaq added 36 points. 12,000 jobs are on the chopping block, at general electric, from it power vision mostly outside the us. the alternative energy stripping demand for colon other fossil fuels, overall energy demands is declining. retail drug prices are rising at a rate more than 50 times the rate of inflation. aarp studied more than 750 drugs used by older americans, and found that in 2015 drug prices increase by average of 6.4%, well out pacing the general inflation rate, aarp say drug costs have been climbing for 12 straight years and anheiser bush ordered 40 of the new electric trucks. budweiser wants to reduce its carbon emissions 30% by 2025. trucks available in 2019. one model has been driving range of 300 miles, the other can travel 500 miles without being row-charged. >> i guess that's inevitable, see them on the road soon enough. >> we would like to also, diane, just wish ooh produce err marina luck. i understanded -- >> marina come out. >> we are giving her shout out here. always been a friend to us here in philadelphia. >> hi, marina. good luck where

and general electric has confirmed it is axing 12,000 jobs at their global power business.t is trying to become what they call a more focused company. and if that stories downs familiar -- sounds familiar, look no further than here in germany. reporter: ge decided on the cuts and says to save over one billion euros in 2018. the company's stock has plunged 44% this year, and that downturn has not only affected ge. rival siemens is cutting 9000 jobs. its power and gas division has also been hit by the rapid growth of renewables like wind and solar. the worldwide trend is towards finding renewable energy solutions like this wind park in china which generates clean energy and does not contribute to climate change. and solar has become a more realistic alternatives since the dawn of battery storage solutions to store daylight energy. the u.s. company says it expects dwindling demand for fossil fuel power plants to continue. ge said the job cuts would primarily take place outside the united states, but nearly a third of the company's swiss workforce is set to go, and 1600 employe

we're just receiving reports that general electric is to slash twelve thousand jobs from its power generating business that's more than originally anticipated it's part of the firm's major restructuring in a bid to shore up its finances the industrial corroborative recently announced it would cut the dividend to shareholders the first time it has done so since the great recession and now back to sarah in their store a trip of the turkish president absolutely he's in fact heading to greece it turns out that he is the first leader actually turkish leader to head to greece in sixty five years turkish president erica wanless official visit to the capital athens he has apparently met with prime minister alexis tsipras there to discuss relations between the neighboring countries both are members of nato but the relationship has been rocky for decades occasionally even going to the brink of war and greece and turkey have tried to normalize relations in recent years there are so thorny issues to resolve. greek turkish relations have been tense if not adversarial for decades the two countries have dis