 "General Electric, GE")
General Electric said on Tuesday it would split into three public companies as the storied US industrial conglomerate 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 per cent in early trading, reaching a nearly 3-1/2 year high.
GE has faced investor scepticism about its ability to turn a corner since the 2008 financial crisis, while struggling with rising debt. The company was also removed from
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