FAIRFIELD, Conn. -- March 13, 2014 -- GE [NYSE: GE] announced today that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering (IPO) of its North American Retail Finance business. As previously announced, the IPO is the first step in a planned staged exit from that business. GE currently expects to complete the IPO later in 2014. After completion of the IPO, GE Capital Retail Finance will operate under its new name, "Synchrony Financial," and the registration statement has been filed under that name.
How to Bury a Climate Bomb
How to Bury a Climate Bomb
In August 2011, the Archer Daniels Midland Company (ADM) and its partners began drilling a well into the layer of soft sandstone located a mile beneath its headquarters in Decatur, Illinois. This was unusual in two respects. First, ADM isn't an energy concern--it is the world's largest agricultural commodities company. Second, the well wasn't meant to extract oil or gas, but to inject carbon dioxide back into the ground.
