GE announced they would be spinning off parts of their business units.
Here's the link: http://money.cnn.com/2008/07/10/news/companies/GE_spinoff.ap/index.htm
Why announce this a day before you're about to report Q2 earnings and not on the same day ?
Anyone else experienced companies provide these kind of announcements a day or so prior to reporting quarterly figures ?
If so, have such figures been to the downside or up ?
I'm just trying to understand the logic since the news tonight will have an impact on the DOW.
GE announced they would be spinning off parts of their business...
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