GE Board Approves 5% Increase in Quarterly Dividend
The board of directors of GE raised the company’s quarterly dividend 5%, or $0.01 per outstanding share of the company’s common stock, to $0.23 per outstanding share of the company’s common stock.
The board of directors of GE raised the company’s quarterly dividend 5%, or $0.01 per outstanding share of the company’s common stock, to $0.23 per outstanding share of the company’s common stock.
ARC Document Solutions entered into a $205 million facility arranged by Wells Fargo Securities, GE Capital Markets and J.P. Morgan Securities.
General Electric is reportedly planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters .
GE announced its GE Capital Q3/14 segment profit was $1.492 billion, down 22% from $1.903 billion a year earlier. GE noted that its CLL unit segment earnings of $617 million were up 29% from $479 million a year earlier.
Bloomberg reported that during a recent interview, GE’s chief executive Jeffrey Immelt said he want GE’s high-margin industrial units to account for 75% of earnings, a goal he expects to achieve late next year.
The New York Times reported General Electric‘s retail lending arm raised about $2.9 billion in its IPO, as it moves to shrink its finance division.
The New York Times reported General Electric‘s retail lending arm raised about $2.9 billion in its IPO, as it moves to shrink its finance division.
Bloomberg reported, citing people with knowledge of the matter, that General Electric plans to seek as much as $3.5 billion in the initial public offering of its North American consumer-lending business, now called Synchrony Financial.
GE announced it is anchoring a lending group for longtime customer Invenergy to finance construction of its 584-megawatt Nelson Energy Center in Illinois.
GE said it appointed Marisa Harney as vice president and chief risk officer of GE Capital Americas. Most recently, she was head of Corporate Credit Risk of Americas for BofA.