GE Capital announced that a newly formed finance subsidiary, GE International Funding, has commenced private offers to exchange new notes for outstanding debt securities. The move is expected to be a key step in terminating the nonbank systemically important financial institution designation for GECC. read more
SEP 22, 2015 - 7:25 am
Bloomberg reported that KKR and Apollo Global Management are seeking to acquire GE’s inventory finance arm, a unit with $11 billion in assets. read more
SEP 14, 2015 - 7:17 am
General Electric named Beth Comstock a vice chair. Reuters reported that the move makes Comstock the first female vice chair in the company’s history. read more
SEP 2, 2015 - 6:59 am
In a report, The Motley Fool notes that GE is wasting no time in executing the plan announced in April to sell more than 80% of GE Capital’s assets by the end of 2016. read more
JUL 10, 2015 - 7:01 am
GE said it classified additional businesses with its CLL unit as held for sale that reflects an acceleration of timing versus its earlier Exit Plan. As a consequence, GE said it expects to recognize $4.3 billion of after-tax charges in Q2/15. read more
JUL 8, 2015 - 6:24 am
The Justice Department filed an antitrust lawsuit to stop Electrolux from buying GE’s appliance business. Official says “proposed acquisition would leave millions of Americans vulnerable to price increases.” read more
JUL 2, 2015 - 7:15 am
General Electric reportedly outlined its plans for the ship-finance business, diversifying its $48 billion aircraft leasing unit to support sales to the oil and gas sector. read more
JUN 17, 2015 - 8:00 am
GE reportedly is nearing an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada’s largest pension fund. read more
JUN 8, 2015 - 7:35 am
Bloomberg reported GE has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its healthcare, railcar and franchise finance divisions. read more
JUN 4, 2015 - 7:21 am
Reuters reported General Electric launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, including its equipment finance business. read more
JUN 1, 2015 - 7:52 am
Reuters reported General Electric picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base. read more
MAY 29, 2015 - 7:23 am
As General Electric seeks to unload most of its finance assets, it reportedly is prioritizing the sale of businesses providing lending to U.S. and European private equity firms, and healthcare businesses. read more
MAY 28, 2015 - 7:18 am
Bloomberg reported General Electric’s credit rating, the best among U.S. industrial companies, is at risk as the manufacturing giant weighs adding $20 billion of debt to support its expansion. read more
MAY 22, 2015 - 7:29 am
General Electric reportedly started a process to sell its $5 billion Australia commercial lending operation. read more
MAY 21, 2015 - 6:56 am
Reuters reported that GE would lose a $350 million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank. read more
MAY 20, 2015 - 7:20 am
Terry Mulreany
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