GE chief Culp says need to cut debt urgently, shares fall

(Reuters) - General Electric Co Chief Executive Officer Larry Culp said on Monday the company was saddled with too much debt and would urgently sell assets to reduce levels of leverage, sending its shares down as much as 8 percent."We have no higher priority right now than bringing leverage levels down," Culp said in an interview with CNBC. "We have plenty of opportunity to do that through asset sale."GE's third-quarter results late last month posted a staggering loss of $22.8 billion, cut its..