GE Reportedly Will Cut 7,000 Jobs

Profit climbs at Citigroup; AT&T Wireless and Cingular reportedly in merger talks; plus more of today's stocks in the news

General Electric (GE ) is reportedly to reduce headcount by 7,000 in 2002. Earlier, Olstein Financial Alert Funds' Robert Olstein says GE will stumble before the year is out, and shares should be valued around $25, according to press reports.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.