GE priced $2.25 billion in 30-year bonds and an additional $750 million in 10-year notes, a company spokesman said. The notes were priced to yield 3.487%, and the bonds, 4.566%, a person familiar with the transaction said.
"The dispute involves a good-faith difference of opinion over the tax consequences of a restructuring done more than a decade ago," GE spokesman Seth Martin said in a statement. "While we have paid the taxes in question, we believe it is in all parties ...
During the fourth quarter of last year, Buffett increased his holdings of General Electric by 1,700% through his Berkshire Hathaway holding company. That equates to about 10.6 million shares and roughly $265 million before even considering dividends.
(Reuters) - General Electric Co plans to intensify research focusing on complex energy projects such as waterless fracking and gas turbine efficiency by earmarking an additional $10 billion through 2020 for its "ecoimagination" budget.