CNBC said this $50B ties Apple for the largest share buyback in history. Investors love this news as GE's stock price is up over 8%.
GE was one of the stocks I bought at the very bottom of the financial crisis.
Original PDF file: GE March 4 Buy Alert at $6.76
Details of today's announcement (Original Press Release)
GE TO CREATE SIMPLER, MORE VALUABLE INDUSTRIAL COMPANY BY SELLING MOST GE CAPITAL ASSETS; POTENTIAL TO RETURN MORE THAN $90 BILLION TO INVESTORS THROUGH 2018 IN DIVIDENDS, BUYBACK & SYNCHRONY EXCHANGE