GE pares off financial unit and returns to industrial roots

... major step in our strategy to focus GE around its competitive advantages," Chairman and CEO Jeff Immelt said. The Fairfield, Connecticut, company will keep parts of its financing business related to its industrial operations, like GE Capital ...



via Fairfield Newswire http://www.sfgate.com/news/article/GE-to-shrink-financial-business-and-focus-on-6191114.php