General Electric CFO tries to calm investor anxiety

Discussion in 'Wall St. News' started by ASusilovic, Mar 6, 2009.

  1. NEW YORK (MarketWatch) -- General Electric Co. gave up early gains amid a broader market decline Thursday after the conglomerate's chief financial officer said its financial unit would be profitable in the current quarter and quelled some fears about liquidity.

    In a CNBC interview, CFO Keith Sherin noted that just 2% of GE Capital's capital assets are exposed to a potential mark-to-market devaluation. The majority of receivables are financing, and the company has already set aside about $12 billion this year to provide for those losses.}&dist=TQP_Mod_mktwN
  2. Maximum objectivity! :D