Ge To Sell More Businesses In Question For Higher Margins

National Business News - Local Business News | bizjournals, Biz Journals
Fri, 04/18/2014 - 4:27am

General Electric Co. will sell more businesses this year as it tries to boost its profit margins. The Fairfield, Conn.-based company (NYSE: GE) might get rid of businesses whose margins are less than 10 percent, the  Wall Street Journal reported. GE CEO Jeffrey Immelt has been jettisoning financial assets such as real estate and stakes in international banks and shoring up the company's industrial businesses. The company's GE Appliances division is based in Louisville.

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