General Electric is selling most of its GE Capital subsidiary to focus on its industrial businesses, starting with the $26.5 billion sale of GE Capital Real Estate and with the Fairfield-based company seeking other buyers over the next 24 months for the commercial-lending arm and other assets. GE shares surged $2.78, 11 percent, Friday afternoon to $28.53, the highest price since the summer of 2008 prior to the financial collapse.
via Fairfield Newswire http://www.newstimes.com/business/article/GE-stuns-markets-with-GE-Capital-sale-6192223.php
via Fairfield Newswire http://www.newstimes.com/business/article/GE-stuns-markets-with-GE-Capital-sale-6192223.php
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