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Walmart's New Health Food Push: Is It Too Hard to Swallow?I estimate that General Electric Company (NYSE: GE)'s GE Money segment is worth between $46 billion and $48.9 billion -- down 10.6% at the high end -- compared to last July's range of $29.6 billion to $54.7 billion.
GE Money provides financial services to consumers and retailers in 50 countries. GE Money offers private-label credit cards; personal loans; bank cards; auto loans and leases; mortgages; corporate travel and purchasing cards; debt consolidation; home equity loans; deposit and other savings products, and credit insurance.
GE Money had a great 2007. Its 2007 revenues and net earnings increased 26% and 31%, respectively, compared with 2006. Revenues in 2007 included $0.4 billion from acquisitions. Revenues in 2007 also increased $4.8 billion as a result of organic revenue growth ($3.5 billion) and the weaker U.S. dollar ($1.4 billion).
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