GE restructures, but investors still on edge

By Scott Malone BOSTON (Reuters) - General Electric Co kicked off a major round of restructuring on Friday, giving its booming infrastructure business -- which is riding a wave of emerging-market investment in energy and aviation projects -- a more prominent role, and combining its sprawling finance operations into one unit. The moves, which also set the stage for the planned spin-off of GE's historic $13 billion appliance and lighting unit, will not silence calls on Wall Street for the second-largest U.S. company by market capitalization to revamp itself and spark its moribund shares, investors said. But it could signal the start of a more extensive revamp, including a broader pull back from the volatile consumer finance market and a disposition of NBC Universal media, analysts and investors said. "It doesn't take the... [read full story]