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Stock impact report

UPDATE 1-GE eyes $4 bln in asset sales, has no plans to sell stock -CFO [Reuters (UK)]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Reuters
UPDATE 1-GE eyes $4 bln in asset sales, has no plans to sell stock -CFO | Reuters Reuters Staff 3 Min Read (Recasts, adds detail from second investor conference) By Alwyn Scott NEW YORK, Feb 21 (Reuters) - General Electric Co has “line of sight” on the first $4 billion in asset sales under its plans for $20 billion in disposals, the company’s chief financial officer said on Wednesday, while dismissing talk about selling shares to raise capital. Chief Financial Officer Jamie Miller, speaking to an investor conference organized by Citigroup in Miami, did not elaborate on the planned asset sales. The disposals could cut cash flow by less than $500 million in 2019, but would have no impact in 2018, she said. GE has said it plans to sell its transportation unit, which makes railway locomotives; the iconic lighting division that makes bulbs for consumers, and a connections business that sells motors, generators and automation and electrical grid equipment. Miller said GE does not plan to qu Show less Read more
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