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35%  
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  • GE Cuts Texas Jobs, Sees Better Climate — In France

    09/15/2015 3:02:56 PM PDT · by entropy12 · 17 replies
    Investor's Business Daily ^ | Today, 2015-09-15 | CIARAN MCEVOY
    Blaming Congress' impasse on the Export-Import Bank, General Electric (NYSE:GE) said that it will move 500 U.S. jobs, some of which are deep in the heart of Texas, overseas to Europe and China in order to avoid losing business to foreign companies. The Lone Star State is one of the losers in GE's announcement Tuesday, as the U.S.-based jobs will be shipped from Texas, South Carolina, New York and Maine to France, Hungary and China. Lawmakers from Texas also have been vocal critics of the Ex-Im Bank.