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To: MeDroogies who wrote (17660)	11/21/2002 9:20:26 AM
From: MeDroogies	Respond to of 19079

And along those lines, this was one of the first (though expected for some time) things I was told to look for: GE said it would take a charge of $1.4 billion after taxes as it moves to shore up reserves at Employers Reinsurance Corp. It vowed to restore the unit's profitability, but also said its still exploring strategic options, which includes an outright sale. GE also said it would contribute $4.5 billion to GE Capital to reduce its debt leverage. The effect of such a capital contribution would hurt GE's ability to make acquisitions using cash alone, analysts have said. But the company said it is committed to keeping its coveted Triple-A credit rating.