MARKETS: Walmart boots GE from the Dow, GE to shed health care business

Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Walmart officially replaces General Electric in the Dow Jones Industrial Index. Here's the performance of the Dow Jones Industrial Average components (plus GE) as of 10:30 am ET: GE General Electric Co 6.67% V Visa Inc 1.96% CSCO Cisco Systems 1.49% AAPL Apple Inc 1.32% MSFT Microsoft Corp 1.19% BA Boeing Co 0.73% MCD McDonald's Corp 0.64% XOM Exxon Mobil 0.54% NKE Nike Inc Cl B 0.53% MMM 3M Co 0.45% PFE Pfizer Inc 0.47% DWDP DowDuPont Inc 0.39% UTX United Technologies 0.37% HD Home Depot Inc 0.32% AXP American Express Co 0.30% $INDU Dow Jones Industrial Average 0.23% CVX Chevron Corporation 0.15% UNH UnitedHealth Grp Inc 0.12% DIS Disney (Walt) Co 0.06% GS Goldman Sachs Grp -0.05% KO Coca-Cola Co 0.00% PG Procter & Gamble Cc -0.08% VZ Verizon Communications -0.09% IBM Intl Business Machines Corp -0.11% CAT Caterpillar Inc -0.46% MRK Merck & Co -0.41% JNJ Johnson & Johnson -0.43% TRV The Travelers Companies Inc -0.50% WMT Wal-Mart Stores -0.52% JPM JPMorgan Chase & Co -0.75% INTC Intel Corp -1.42%

Ex-Defense Official ‘Alarmed’ About Google Retreat From AI Plan

A former top U.S. Defense Department official said Tuesday he was "alarmed" by a recent decision by Alphabet Inc.'s Google to withdraw from work on a department initiative applying artificial intelligence tools to analyzing drone footage. More than 4,000 Google employees signed a petition calling for the cancellation of the Project Maven contract, citing Google's history of avoiding military work and worries about autonomous weapons. "They say, look this data could potentially, down the line, at some point, cause harm to human life," said Work, who served under President Barack Obama, at a Washington event on tech in the military.

General Electric surges after announcing another spinoff as it leaves the Dow (GE)

The moves come as new CEO John Flannery approaches his anniversary at the company's helm, where he has set out sweeping cost-cutting and debt-reduction goals. General Electric has found a way to tell investors some good news as it leaves one of the most famous stock indexes in the world. Shares of the once-sprawling industrial behemoth surged as much as 7% Tuesday after it said it would sell off its majority stake in oil services company Baker Hughes over the next two to three years.

GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization

General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, it said in a statement on Tuesday. The moves come as part of a broad corporate reorganization that sees GE trying to shore up its balance sheet and streamline its businesses. General Electric said on Tuesday that it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes as part of a sweeping corporation reorganization.

Fuel prices continue June slide

Ability Tri-Modal acquires five Orange EV Electric Yard Trucks

Lennar profit beats on strong housing demand, shares rise

Lennar Corp on Tuesday reported a better-than-expected quarterly profit as housing demand got a boost from a strengthening economy and job growth. The U.S. homebuilder's shares rose 9 percent in premarket trading. Shares of rivals D.R. Horton Inc and PulteGroup Inc were also up 3 percent to 4 percent.