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Federal Reserve orders top 8 banks to hold extra capital

...similar to those governing big banks. GE Capital Corp. was labeled two years ago...nonbank financial company meant GE Capital had to increase its capital cushion...guaranteed up to $139 billion of GE Capital's debt during the crisis. GE Capital...

http://chronicle.augusta.com/news/business/2015-07-20/federal-reserve-orders-top
GE takes big step away from banking with $12 billion deal

...Sponsor Finance business, which includes Antares Capital, GE Capital's lending business to private equity-backed middle...portfolio.GE is looking to sell most of the assets of GE Capital over the next 18 months, but plans to keep the financing...

http://chronicle.augusta.com/news/business/2015-06-09/ge-takes-big-step-away-ban
GE posts strong numbers in 2Q

...from continuing operations were 24 cents per share.GE announced in April that it would sell most of the assets in its GE Capital subsidiary, the latest and most dramatic move by the company to transform itself into a more focused industrial conglomerate...

http://chronicle.augusta.com/news/business/2015-07-17/ge-posts-strong-numbers-2q
GE selling some fleet businesses to Element for $6.9B

...Financial Corp. for $6.9 billion.GE Capital Fleet Services provides commercial...recently announced it would sell most of GE Capital over the next two years for about $26.5 billion.GE Capital Chairman and CEO Keith Sherin said...

http://chronicle.augusta.com/news/business/2015-06-29/ge-selling-some-fleet-busi
GE pares off financial unit and returns to industrial roots

...General Electric will sell most of GE Capital as it turns its focus more to its...the year.GE will sell most of its GE Capital Real Estate to funds managed by Blackstone...conditions were favorable to sell most GE Capital assets over the next two years...

http://chronicle.augusta.com/news/business/2015-04-10/ge-pares-financial-unit-an
Electrolux to buy GE Appliances in $3.3B deal

...sold NBC Universal and its insurance operations and it is gradually shrinking its sprawling financial company, called GE Capital.In June GE agreed to buy the energy and power generation operations of the French engineering company Alstom for $17...

http://chronicle.augusta.com/news/business/2014-09-08/electrolux-buy-ge-applianc
Business News

...increased 52 percent as the company made more money in both its lending and industrial businesses.The lending arm, GE Capital, drove the company's results as it dealt with fewer loan defaults. Risky loans hammered GE during the financial crisis...

http://chronicle.augusta.com/news/business/2011-01-21/business-news
Business
Jet makers rack up orders

...777-300ER by flying 400 nautical miles farther while burning 25 percent less fuel.Airbus' first big order Monday was from GE Capital Aviation Services, for 60 A320neo jets..Boeing hasn't yet chosen how it will respond, but top marketing executive...

http://chronicle.augusta.com/news/business/2011-06-20/jet-makers-rack-orders
Comcast's NBC talks cap its decades-long rise in industry

...as CNBC, Bravo and USA. Comcast saw its opportunity after the financial meltdown devastated GE's financing unit, GE Capital, forcing the company to try to raise cash. Comcast has made no secret of its desire to own more programming content...

http://chronicle.augusta.com/stories/2009/11/22/bus_556612.shtml
Business
Biz bits

...results. GE's quarterly profit fell to $2.4 billion, or 23 cents per share, hurt by sharply lower earnings at its GE Capital arm, which loans money for businesses ranging from credit cards to shopping centers. A year earlier, the company earned...

http://chronicle.augusta.com/stories/2009/10/17/bus_552212.shtml
Business