GE renews break-up talk as it discloses $11 billion fourth-quarter hit





GE renews break-up talk as it discloses $11 billion fourth-quarter hitChief Executive John Flannery said his efforts to dig GE out of a financial hole that sent its shares down 40 percent in the past year now included thinking about “separately traded assets” in any of its units, without giving any details. Earlier, the United States’ biggest industrial conglomerate said its finance arm, GE Capital, would take a $6.2 billion hit in the fourth quarter from a reevaluation of its insurance assets. GE shares were down 2.3 percent at $18.32 in morning trading.


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