GE Capital, which makes loans for everything from consumer car purchases to commercial energy projects, is expected to make around $9 billion this year. The company projects the financing division will provide around 40 percent of its overall earnings by the end of 2009.
BANGKOK, July 10 - Thailand's Bank of Ayudhya <BAY.BK>, 33 percent owned by a unit of General Electric <GE.N>, said on Friday it would purchase financial businesses in Thailand from GE Capital worth a total...
BOSTON, Feb 10 - General Electric Co plans to shift about $9.5 billion into its GE Capital finance unit during the first quarter, to cut its debt leverage ratio to 6 to 1 from a...
* To spend $400 mln to buy GE's Thai financial businesses * Subject to shareholder approval on Aug. 20 (Adds details) BANGKOK, July 10 - Thailand's Bank of Ayudhya <BAY.BK>, 33 percent owned by a...
NEW YORK, March 5 - General Electric Co's finance unit has no short-term liquidity issues, and speculation about its ability to maintain sufficient capital is "overdone," the company's chief financial officer said. Speaking Thursday on...
* Wall Street worries finance reserves too low * GE argues it is not like a typical bank * Investors wonder if another shoe to drop BOSTON/NEW YORK, March 4 - General Electric Co investors...
NEW YORK, March 19 - General Electric Co's forecasting shows that even under the Federal Reserve's adverse-case scenario for the U.S. economy in 2009, its GE Capital unit should have at least break-even results, the...
NEW YORK, March 19 - General Electric Co does not expect to have to raise additional capital this year, even if the adverse economic scenarios that it has prepared itself for play out, executives said...
* 'A little good news can still go a long way'-analyst * Investors have already digested risks to GE Capital BOSTON, Sept 8 - General Electric Co shares rose 4.5 percent in premarket trading on...
NEW YORK, July 17 - The potential for multibillion-dollar writedowns in General Electric Co's $84 billion real estate portfolio is emerging as one of the key questions about the future of its GE Capital unit....