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General Electric To Sell Majority Of Finance Arm, Real Estate Holdings

The sprawling conglomerate General Electric is radically paring down its business, ditching most finance and real estate operations. GE was badly burned by the financial crisis, and the plan announced Friday would protect it from the risks associated with banking.

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NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.