Published 1 month ago

General Electric completes its three-way split

Summary by Ground News

GE's aerospace and energy businesses begin trading on the New York Stock Exchange as separate entities today. The breakup is a culmination of CEO Larry Culp's efforts to breathe life into the company. GE Aerospace, which makes engines for Boeing and Airbus jets, forecast operating profit of about $10 billion in 2028.

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RTÉ

General Electric completes its three-way split

General Electric has today completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American business power.

1 month ago·Ireland

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Raw Story

Swan song for General Electric as it completes demerger

The U.S. conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses.The group announced its "spin-off" project in November 2021, which was to be carried out in several stages.An initial split took place in January 2023 with the creation of GE HealthCare, bringing …

1 month ago·United States

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Japan Today

Swan song for General Electric as it completes demerger

The U.S. conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, opened a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses. The group announced its "spin-off" project in November 2021, which was to…

1 month ago·Sakado, Japan

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Inquirer

Swan song for General Electric as it completes demerger

NEW YORK — The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses. The group announced its “spin-off” project in November 2021, which was to be

1 month ago·Manila, Philippines

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La Presse

General Electric's Swan Song That Completes Its Split

The American conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, opened a new chapter in its history Tuesday: its split into three independent companies, allowing them to focus on their hearts of very disparate trades.

1 month ago·Montreal, Canada

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ABC Columbia

General Electric completes split into 3 companies - ABC Columbia

(CNN)– General Electric, the global conglomerate that makes everything from jet engines to washing machines is now three independent companies. Today GE completed its plan to split into three companies focused on aviation, health care and energy. This comes after the company struggled for years with underperforming stock and mounting debt. The company’s problems intensified when the Covid-19 pandemic hit, crippling its aviation arm when air trav…

1 month ago·Columbia, United States

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