General Electric Company
GE profit jumps 13% on aviation, oil and gas
GE profit jumps 13% on aviation, oil and gas

General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions. The company said orders, especially those in developing countries, were strong and that the global economic environment continues to be positive. GE also said that its previously announced plan to spin off its credit card business with an initial public offering is targeted for late July. GE said it plans to sell 15 percent of the company, to be called Synchrony Financial, and raise $3.1 billion in the process. That values all of Synchrony at $20.7 billion. GE, based in Fairfield, Connecticut, is working to become a more focused industrial...