GE plans credit card unit spinoff to shrink finance arm – Reuters
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GE plans credit card unit spinoff to shrink finance arm
Reuters NORWALK, Connecticut (Reuters) – General Electric Co (GE.N) will spin off its credit card business next year into a separately traded company as it tries to reduce its exposure to unpredictable financial businesses and return to its manufacturing roots. GE Plans Partial IPO of Consumer Finance Unit in 2014 GE Announces Plans to Take Retail Finance Unit Public General Electric to Retail Finance: Get Out! |
