GE: How the mighty has fallen

April 10, 2015 4:48 PM

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GE: How the mighty has fallen

General Electric (GE) used to be the Apple of the market. It was the “cradle of CEOs.” It was the House that Jack built. But now – it’s just another industrial company.

GE announced today it’s selling off much of its real estate portfolio in a broader effort to focus on its industrial business. Getting out of the risky banking business might prove a successful way to boost GE’s returns, but it’s taking away the company’s fading reputation as being the biggest of th...

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