GE Breakup Leaves It With Best And Worst Performers
- 6 years ago
According to Reuters on Tuesday, General Electric said it will spin off its healthcare business and divest its stake in oil-services firm Baker Hughes. This will effectively break up the conglomerate, which was once the most valuable U.S. corporation and a global symbol of American business power. The slimmed-down company will focus on jet engines, power plants and renewable energy.