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General Electric Co. plans to buy back as much as $5 billion of bonds as the manufacturer seeks to cut its debt load as part of its turnaround. The repurchase will cover up to $2.5 billion of dollar debt and the equivalent of $2.5 billion (2.28 billion euros) of euro-denominated notes, GE said in a statement Thursday. The company said it wouldn’t expand the size of the buyback plan.

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