Rochester, NY 7/30/2009 9:36:42 AM
After Hours - General Electric Co. GE, GE reports that the company is taking action to Shrink Finance Unit
General Electric Co. GE
General Electric Co. said effort on course to shrink its finance unit for the year post profit with the assistance tax breaks.
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GE has already said it is oppose to splitting the manufacturing from the financial unit. Despite growing losses in British mortgages and commercial real estate, The company said additional capital this year or next won’t need.
About GE
General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aeroderivative turbines; generators; and combined cycle systems, as well as provides water treatment services and equipment.
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