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GE Capital was the financial services division of General Electric. [1] Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial.
The lending arm remained GE Capital Retail Bank until it was spun off from its parent company in June 2014. [ 10 ] [ 11 ] GE filed with the Securities and Exchange Commission on March 13, 2014, announcing its intention to spin off the portion of its GE Capital business dedicated to retail credit cards.
Rooms To Go. Rooms To Go (stylized as ROOMS TO GO ) is an American furniture store chain. The company was founded in September 1990 [ 2] by Jeffrey Seaman and his father Morty Seaman after they sold Seaman's Furniture. [ 3] According to Furniture Today, as of 2015 Rooms To Go is the third largest furniture retailer in the US.
GE announces split of company into three separate concerns—GE HealthCare, GE Vernova, and GE Aerospace—with the healthcare and energy (Vernova) divisions being spun off and the company pivoting to aviation by rebranding as GE Aerospace. [36] [37] 2023 GE completes spin-off of GE HealthCare [37] 2024 GE completes spin-off of GE Vernova.
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Jack Welch. For other people named Jack Welch, see Jack Welch (disambiguation). John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive, chemical engineer, and writer. He was Chairman and CEO of General Electric (GE) between 1981 and 2001. When Welch retired from GE, he received a severance payment of ...
It reportedly is a growing trend: people desperately trying to increase income to stave off foreclosure by renting out one or more rooms in their own homes. In a telephone interview with WalletPop ...
GE HealthCare's spin-off was finalized on January 4, 2023. This was followed by the spin-off of GE's portfolio of energy businesses on April 2, 2024, into GE Vernova. Following these transactions, General Electric Company changed its trading name to GE Aerospace, pivoted to aviation, and ceased to exist as a conglomerate. [17]