Free-bees

Shareholders are getting GE Capital Finance for free. The finance arm of industrial conglomerate General Electric has dragged down the stock so precipitously that the market appears to effectively value this asset -with $53bn of shareholders equity - at zero. All the more reason for chief executive Jeff Immelt to get cracking on a separation of the core business from its black-box financial division. In order to see how much of a drag the financial services business has been on GE, compare its ...