GE Takes $1.7B Charge to Settle Japanese Debts

... statutory interest rate, known as the "grey zone," as required through a law passed shortly before the 2008 sale. Fairfield, Conn.-based GE sold the business for $5.4 billion six years ago in reaction to the new Japanese law that cut maximum ...



via Fairfield Newswire http://www.foxbusiness.com/industries/2014/02/26/ge-takes-17b-charge-to-settle-japanese-debts/