General Electric CEO said in the company's press release on Monday that GE Capital's announcement "is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE," and that GE Capital "ended the
This selloff is about uncertainty, not who wins or loses the White House.
JPMorgan Chase, the biggest U.S. lender, named GE's Clarence Nunn to lead its middle-market expansion in the Southeast. The business has 108 offices in the U.S. and Canada.
GE continues its efforts to expand operations in Africa, despite the recent economic downturn there.
Shares of General Electric were higher Tuesday after the company said it is expanding its software division.