General Electric has announced to spin off two of its largest divisions to simplify the company’s sprawling business structure and raise cash to strengthen the balance sheet.
GE has announced to spin off two of its largest divisions to simplify the company’s business structure. – image courtesy of IAEA Imagebank. GE is to divest its healthcare division and stake in Baker Hughes, the oil services company. The decision made by GE’s CEO John Flannery reflected the stark change…
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