General Electric: More Than a Paper Cut
The government has bought Jeffrey Immelt some valuable time.
But will General Electric‘s chief executive use it to radically restructure the balance sheet of GE Capital, the company’s $680 billion finance business?
Right now, one of the big reasons GE’s shares trade around 11-year lows is that investors need convincing that GE Capital’s borrowings can be recast so that the unit can fund itself smoothly amid rocky credit markets.
http://online.wsj.com/article/SB122637178941816413.html
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Company News | MacroMan | 
November 11, 2008 8:35 am
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