Posts From King World News

GE to sell bulk of finance unit, return up to $90 billion to investors

GE shares jumped 7.5 percent on Friday after the company outlined plans for substantially shrinking its GE Capital unit. The plan includes a buyback of up to $50 billion in GE shares, the sale of about $30 billion in real estate assets over the next two years and the disposal of more GE Capital operations.     The repurchase program, which will be partly funded by $35 billion through money returned