Another wave of sales leaves GE a vastly changed company
Share
Tweet
June 27, 2018
NEW YORK (AP) — General Electric Co. is shrinking again, becoming a mere shadow of the globe-spanning conglomerate that it was before the Great Recession.
GE said Tuesday that it will spin off its health-care business and sell its interest in Baker Hughes, which provides drilling services to oil and gas companies.
The moves were announced as GE disappeared from the Dow Jones industrial average, replaced by a drugstore chain. GE was an original component in the Dow back in 1896 and had been a continuous member since 1907. But on Tuesday, Walgreens Boots Alliance Inc. took its spot in the stock...
For access to this article please
sign in or
subscribe.
Reader Comments(0)