The News Craving
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Reuters
Reuters
(Reuters) – General Electric said on Tuesday it would spilt into three public companies, as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a share price battered over several years. The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power. The ambitious move drove an 8.2% rise in GE shares in premarket trading. GE has faced investor skepticism about its ability to turn a corner since the 2008 financial crisis, while struggling with risin…
