© 2023 90.7 WMFE. All Rights Reserved.
Public Media News for Central Florida
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

General Electric To Sell Majority Of Finance Arm, Real Estate Holdings

The sprawling conglomerate General Electric is radically paring down its business, ditching most finance and real estate operations. GE was badly burned by the financial crisis, and the plan announced Friday would protect it from the risks associated with banking.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Chris Arnold
NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.
90.7 WMFE relies on donors like you. Your support allows us to provide independent, trustworthy journalism and fact-based content. Show your support today by contributing on a monthly basis or making a single online donation.