GE reckons with a large debt from an old business

Andy Uhler Jan 16, 2018
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GE reckons with a large debt from an old business

Andy Uhler Jan 16, 2018
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General Electric CEO John Flannery said in an earnings call today that he was “deeply disappointed” in big liabilities found over on the company’s insurance side. GE actually sold off this business – insurance for long-term care – years ago. But turns out it’s still liable for billions of dollars’ worth of policies.

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