Parent continues to chip away at GE Capital

05/23/2013 | Fox Business · Wall Street Journal, The

General Electric continues to pare down financial arm GE Capital. CEO Jeff Immelt expects GE Capital's ending net investment to be reduced between $50 billion and $100 billion by the end of next year. This would bring the total to as much as $350 billion, compared with more than $630 billion in 2007. Immelt says GE is looking into options to further shrink the unit.

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Fox Business · Wall Street Journal, The