Robison Law Firm
11353 REED HARTMAN HIGHWAY
SUITE 300
CINCINNATI
,
OH
45241
PHONE: 513-412-3483
FAX: 513-412-3482
OUR FAMILY OF
STRATEGIC TAX SERVICES
News
GE to Cash Out of Banking Business by Ted Mann and Victoria McGrane
General Electric Co. made one of the biggest strategic shifts in its 123-year history by announcing plans to get out of the banking business and refocus on the conglomerate's sprawling industrial operations.
Friday's move to shed almost all of GE Capital also marked the boldest attempt yet by Chief Executive Jeff Immelt to confront the moribund stock price that has marred his 13-year career at the top. More