GE restructures, but investors still on edge

By Scott Malone BOSTON (Reuters) - General Electric Co (GE.N: ) announced a restructuring on Friday, elevating its fast-growing energy-related business to an independent branch of the second-largest U.S. company by market capitalization and folding its health care arm, which has seen slowing growth, into another division. It is the latest restructuring move since the company's shares have come under pressure following an unexpected drop in first-quarter profit. The Fairfield, Connecticut-based company earlier this month said it would seek to spin off to shareholders its $13 billion consumer and industrial unit, which makes products ranging from washing machines to light bulbs. "With the announcement of our focus on a possible consumer and industrial spin-off, we can structure the company in a simpler way that can maximize... [read full story]