Bloomberg Businessweek

The Money Pit That’s Swallowing GE

Once an afterthought, its former long-term-care insurance business is a big cash drain

With anxiety over General Electric Co. running high on Wall Street, Chief Executive Officer Larry Culp has plenty of work to do. Perhaps his most formidable challenge will be tackling GE’s book of long-term-care insurance, a vestige of its GE Capital unit. Once little more than an

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