GE shares hit as dividend and profit outlook cut
Shares in General Electric fell more than 7% on Monday after the US conglomerate announced a revamp that could result in a smaller company.
Under the plans, GE will focus on the aviation, power and healthcare sectors.
The company also cut its dividend - for only the third time in its 125-year history - and halved its full-year profit forecast.
GE was the biggest faller on the Dow Jones, although the industrial average closed up 17.49 points at 23,439.70.
Shares in Barbie maker Mattel jumped more than 20% after a report in the Wall Street Journal said rival Hasbro - which owns the My Little Pony and Monopoly brands - had made a takeover approach for the company.
Qualcomm shares rose 3% after it rejected a $103bn takeover bid from rival chipmaker Broadcom. Shares in Broadcom added 0.02%..