General Electric announces plan to split into three separate companies

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

GE, 129 years old and once America’s most valuable corporation, says new companies will focus on energy, healthcare and aviation

Photograph: Richard Drew/APPhotograph: Richard Drew/APGeneral Electric said on Tuesday it would split into three public companies as it seeks to simplify its business, pare down debt and breathe life into a battered share price.The split marks the end of the 129-year-old conglomerate that was once the most valuable US corporation and a global symbol of American business power. GE shares jumped 7% in early trading, reaching a nearly three-and-a-half-year high.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

so generalelectric GE doing shit splitting.. -one big pile of shit, divided into three smaller piles of shit larryculpjr $ge

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines