General Electric was nearly sunk by GE Capital during the 2007-2009 financial crisis, and the company has been trying to shrink the finance arm’s portfolio ever since. Photograph: Reuters/David W Cerny

General Electric plans to spin off the US consumer lending operations of its finance arm GE Capital, as the conglomerate moves to focus on its core in(...)

Caterpillar posted disappointing quarterly results and cut its 2013 profit forecast yesterday to reflect a drop in demand for heavy equipment f(...)