Business

GE posts $13.6 billion loss on finance unit sale

The industrial heart of General Electric, the company's new focus, posted lower revenue and earnings in the first quarter amid an enormous overall loss resulting from its recently-announced sale of most of the assets in its finance subsidiary.

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Shop Talk

Clayton company finalist in SBA business competition

The U.S. Small Business Administration selected CJ Scarlet, founder of Clayton company Tiger Eye Sensor, as one of 15 finalists in the InnovateHER Business Challenge, a nationwide competition for entrepreneurs who develop products and services that enhance the lives of women and their families.

Today's Market

Business

Rauner trying to broker mega-deal in Illinois Legislature

Seizing on Illinois' budget crisis as a political opportunity, Republican businessman-turned-governor Bruce Rauner is trying to broker a master deal to advance his pro-business priorities through the Legislature in exchange for new revenue to save programs near and dear to the Democrats.

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