GE to see its Finance operations....where increasingly attackers are eating into Financial Services, Corporates with activities in Finance are increasingly focusing back on their core...
General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing. The company on Friday outlined a restructuring plan that includes buying back up to $50 billion of its shares, selling about $30 billion in real estate assets over the next two years and divesting more GE Capital operations. GE stock jumped 8.5 percent. "The stock has been under-owned by institutional investors, and that's going to change now," said Tom Donino, co-head of equity trading at First New York Securities.
http://mobile.reuters.com/article/idUSKBN0N020420150411?irpc=932
