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STOCKS OPEN MIXED, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

GE Aims to Slash Debt by 35% by 2023

Lou Whiteman, The Motley Fool
·2 min read
GE Aims to Slash Debt by 35% by 2023

General Electric's (NYSE: GE) $30 billion deal to sell its GECAS aircraft financing arm to AerCap Holdings (NYSE: AER) is a key milestone in the industrial conglomerate's effort to get its balance sheet under control, the company's chief financial officer said on Wednesday, giving GE "multiple paths" to bring down its debt. Speaking at a Bank of America conference, GE chief financial officer Carolina Dybeck Happe said the company expects to have gross debt of about $70 billion once the GECAS deal closes, down from $104 billion at year's end.

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