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.
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