GE seeks removal of too-big-to-fail label for GE Capital
GE has asked regulators to drop its systemically important financial institution designation as it winds down GE Capital. The move aims to free capital and ease oversight while the industrial giant redirects toward machinery making. The FSOC filing follows asset sales and a restructuring plan announced last year.
MENTIONED IN THIS ARTICLE
General Electric
U.S
Jeffrey Immelt
Immelt
Jack Welch
Financial Stability Oversight Council
GE Capital
FSOC
Keith Sherin
MetLife
Anbang abandons Starwood bid paving way for Marriott
China's Anbang Insurance Group says it will not pursue its bid for Starwood Hotels. The withdrawal ends a bidding war with Marriott to create the world's largest lodging company with about 5,700 hotels. Starwood shareholders vote on Marriott deal set for April 8.
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China
Anbang Insurance Group
Starwood
Marriott
Sheraton
Westin
Anbany
U.S
Anbang
J.C. Flowers
Primavera Capital
Wal-Mart posts 2015 sales drop amid currency fuel and store closings
Wal-Mart Stores Inc reports a year over year revenue decline in its 2015 filing. The retailer with 11,500 stores worldwide notes currency effects and lower fuel sales, plus shuttered Express outlets, while shifting to strategic investments and leaner expenses to sustain long term health.
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Wal- Mart
Wal-Mart
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