--General Electric Co. (GE) is planning to sell its headquarters in Boston and will return $87.4 million in incentive money given by the state of Massachusetts, The Boston Globe reported Thursday.

--General Electric said it and MassDevelopment, which owns part of the property, will jointly put the site at Fort Point on the market, the report said.

--General Electric will retain offices on the site, but said it will not create close to the 800 jobs it anticipated, the report said.

Full story: https://www.bostonglobe.com/business/2019/02/14/says-will-pay-back-state-tax-incentives/C3s2KqiwTtg6Xm5Ry7poSK/story.html

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

February 14, 2019 15:06 ET (20:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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