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GE says no plans to spin-off GE Capital, Bloomberg reports

After Dow Jones reported earlier today that General Electric (GE) CEO Jeffrey Immelt told business leaders in Sydney that he’d “never say never” about a spin-off of GE Capital, a GE spokesperson clarified that there are no plans to spin off the financial unit, says Bloomberg. The spokesperson said, “As Jeff clearly stated, there are no plans to split off GE Capital from the parent company,” Bloomberg noted.