General Electric (GE) Announces New $50B Stock Repurchase Plan
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GE to Create Simpler, More Valuable Industrial Company by Selling Most GE Capital Assets; Potential to Return More Than $90 Billion to Investors Through 2018 in Dividends, Buyback & Synchrony Exch
April 10, 2015 6:30 AM EDTHigh-value industrials to comprise more than 90% of GE earnings by 2018 Plans to retain financing verticals that relate to GEs industrial businesses Announces sale of GE Capital Real Estate assets for approximately $26.5 billion Will work with regulators to terminate GE Capitals SIFI designation GE to take approximately $16 billion after-tax charge in 1Q15, $12 billion non-cash Industrial businesses remain on track for operating earnings per share of $1.10-$1.20 in 2015, in line with expectations... More
