The Biggest Property Deal in the US Since 2007
Property portfolio of General Electric (GE) costs $26.5 billion, which is going to be sold. The reason of selling is the company’s retreat from its property investments globally as it focuses on its industrial operations, BBC reports.
GE expects that "high-value" operations without its properties will bring 90% of earnings after 3 years, which is only 58% for now. Chairman Jeff Immelt said that this major step in the company’s strategy is will focus GE around its competitive advantages.
Other materials on this subject
- Bloomberg Takes Steps Into 2020 Race Michael R. Bloomberg disrupted the Democratic presidential field on Friday as he took his first steps into the 2020 race, unnerving supporters of Vice President Joseph R. Biden Jr. and prompting Senators...
- Armenian Dram Turns 20 The process of replacing Soviet rubles with the new national currency began on November 22, 1993.
- New Job Places in Berdashen: Near Border Small Village Mr. Chapanyan’s business created 5 new jobs, his factory will source raw milk directly from local villagers, thus making huge contribution to his community. Other residents of the village were highly...
- Government of India Demands to Voluntarily Declare about Black Money Indian government is expecting to find out those who are holding undeclared assets abroad.
- Russia Bans Buffalo Meat Import from India There are four companies that are importing buffalo meat to Russia and three of them are located in Uttar Pradesh.
Read also
-
Damage to Business from Riots in Kazakhstan Surpasses $213 mln
-
UK Luxury Brand Mulberry to Cut 25% of Workforce
-
Armenian Government Develops Multi-Billion Business Aid Packages
-
Pashinyan: Business and Politics Cannot Merge in Armenia
-
British Business Delegation to Visit Armenia
-
Iranian Businessmen View Armenia as a Bridge to the World
-
Business Innovation Forum 2017 Slated for Nov 10-11
-
Armenia Improves Positions in Doing Business 2017 Report
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
Most read
day
week
month
Weather
Yerevan
Humidity: %
Wind: km/h
0 C°
0° 0°
06.12.2025
0° 0°
07.12.2025
Poll