GE (GE) Dumps A Unit

Posted: July 11, 2008 at 4:19 am

GE (GE) raised $5.4 billion by selling its Japanese consumer financial unit to Shinsei Bank.

GE does not need the capital, but it does need to fuel the perception that it is making the company smaller.

Not much of a start, but better than nothing

Douglas A. McIntyre

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