General Electric Co.
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GE unit's sale called a boon for private credit managers
trueGeneral Electric Co.’s decision to sell its commercial lending business is a boon for private credit managers, several managers say.
GE holds talks with sovereign wealth funds for sale of finance assets
trueGeneral Electric Co. has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its financial business, said Jeff Bornstein, senior vice president and chief financial officer.
GE will seek to reverse FSOC designation
trueGeneral Electric Co. will seek to undo designation as a systemically important financial institution after it completes the sale of its lending business GE Capital, which it announced April 10.
Blackstone and Wells Fargo acquire majority of GE Capital's real estate lending business
trueGeneral Electric Co. announced Friday it is selling the majority of its $26.5 billion real estate lending business to Blackstone Group and Wells Fargo as part of its decision to sell most of its lending business, GE Capital, over the next 24 months, a press release said.
17 companies set pension contributions totaling $10 billion for 2014
trueSeventeen companies have announced projected contributions to their defined benefit plans totaling more than $10 billion since Feb. 14, according to 10-K filings with the Securities and Exchange Commission.
GE to contribute $1.33 billion to pension plans in 2014
trueGeneral Electric Co., Stamford, Conn., plans to contribute a total of $1.33 billion to its pension plans in 2014, according to its 10-k filed Feb. 27.
Highway bill saves GE $2.5 billion in pension contributions
trueGeneral Electric Co. will reduce its pension contributions by a total of $2.5 billion in 2012 and 2013, the company announced during its second-quarter earnings call Friday.
NBCUniversal takes pieces from parents plus some of its own for new 401(k) plan
trueThe 401(k) plan at NBCUniversal, which started from scratch in early 2011, has grown to $340 million by adopting some ideas from its joint venture parents while adding investment and plan design ingredients of its own.
GE's unfunded pension liability spikes in 2011
trueGeneral Electric Co. said in a 10-K filed Friday that its principal pension plans had an unfunded liability of $18.4 billion as of Dec. 31, more than double the $7.1 billion reported a year earlier.
GE CEO Immelt confirms $1 billion pension contribution for 2012
trueGeneral Electric Co., Fairfield, Conn., reaffirmed plans to make its first employer contribution to the GE Pension Plan since 1987.