XPost: talk.politics.misc, alt.politics.usa, alt.business
XPost: alt.elections
https://www.dailymail.co.uk/yourmoney/article-13263477/General-Electric-splits.html
The US conglomerate, co-founded 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 together all the health care
activities.
The official finalization of the separation comes Tuesday,
with General Electric disappearing in favor of GE Vernova,
dealing with energy activities, and GE Aerospace, the new
name of the late GE.
The official finalization of the separation comes Tuesday,
with General Electric disappearing in favor of GE Vernova,
dealing with energy activities, and GE Aerospace, the new
name of the late GE.
. . .
Yet another sad chapter for US producers.
I wonder who will have controlling stock in all these
little "spin-offs" in a few years ? CHINA most likely.
If New Jersey experiences mysterious tremors today,
that'll be Edison spinning in his grave.
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