GE Aviation, the bright spot in the embattled conglomerate, agreed on Thursday to unload a Baltimore-based business for $630 million in cash. Singapore Technologies Engineering is buying the aviation business in a bid to "scale up" its own aerospace capabilities. After years of inattention and historically low interest rates, GE (GE) has built up the biggest pension shortfall in the S&P 500. GE is holding on to its renewable energy division, which features a large onshore wind business. And GE Power, which makes power plants, has been slammed by the shift away from fossil fuels.

Source: CNN September 13, 2018 14:26 UTC