[Reuters] – (Reuters) – General Electric Co (GE) said it would pay $1.7 billion to Japan’s Shinsei Bank Ltd to end exposure to claims related to the sale of its Japanese consumer loan business to the bank in 2008. GE said on Wednesday the deal would reduce fourth-quarter and 2013 earnings by $1 billion and earnings per share by 9 cents, noting that the settlement affected last year’s results because the agreement was reached before the company filed … [visit site to read more]
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