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GE (GE) is reportedly looking to continue its strategy of offloading non-core assets with the...

GE (GE) is reportedly looking to continue its strategy of offloading non-core assets with the sale of its Swiss consumer lending business in a deal that could be worth as much as 1.5B francs ($1.62B). UBS (UBS) is one of at least two suitors to have made bids for GE Money Bank in an auction.
Comments (1)
  • Non core? What does that actually mean? Siemens says it, Philips has what is the CORE of massive conglomerates that are into all kinds of businesses? GE, and Philips core is lighting, so is that all they should do? that wouldn't be much. What's the core of Siemens, an early generator or motor? these guys certainly have grown well past that stuff.
    5 Dec 2012, 06:26 AM Reply Like
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