Report: General Electric plans to spin off consumer finance business with possible IPO
Even though no details on this new build has been provided at the time of writing this article, this particular version most likely comes to address some of the bugs found by Microsoft engineers in older releases. As a result, expect the Finance app to load faster on both Windows 8 and Windows RT , while also offering a much more stable overall experience on either platform. Designed for Windows, the Finance app puts control at your fingertips. Swipe through colorful charts for a quick read on the day’s events. Rich graphics help you find the latest mortgage, auto, and credit card rates.
More business news The consumer finance business provides store credit cards to about 55 million people for retailers like Wal-Mart Stores Inc. It accounts for $50 billion of GE Capitals $274 billion in outstanding loans, according to the report. Aside from its finance business, GE sells a wide variety of industrial equipment and appliances around the world. This includes jet engines, medical diagnostic equipment, oil and gas drilling equipment and washing machines.
Finance Minister directs commercial banks to increase interest for depositors
He said banks played an important role in national development by being institutional mechanisms for mobilisation of capital and channeling capital enterprises. In this process the terms, which is the interest rates at which the money is dispensed cannot be a matter of indifference because the cost of money determines various other costs in the economy. This is the principal consideration of Government assigning prominent consideration to seeing a drastic reduction in interest rates, he said. The minister commended Investrusts expansion strategy and its growth saying it had grown at a robust pace with its operations and financial performance showing an upward swing.