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In a back-to-basics move, the conglomerate is planning a series of sales to make it more industrial and less financial.
Industrial and financial behemoth General Electric is selling its finance arm, GE Capital, in a back-to-basics bid to focus on the higher margin industrial businesses the firm was built on. Under the board’s current plan, GE will retain elements of GE Capital that support its industrial businesses, like its aviation, energy and healthcare financing units,...
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