Anand Dookie
All posts from Anand Dookie
Anand Dookie in Anand Dookie,

General Electrics Wants to Leave the Retail Finance Business


According to reports from the Wall Street Journal, General Electrics (NYSE:GE) wants to spin-off its retail finance business, GE Capital, into it’s own company by issuing an IPO sometime next year.  Currently GE Capital brings in 2.2 billion dollars to the company. GE’s strategy is to concentrate more on it’s industrial business and less on finance. Today the stock is up 1.47% indicating a positive reaction to this news.