Storied General Electric to split into 3 public companies

GENERAL ELECTRIC is splitting itself into three public companies that concentrate on aviation, health care and energy. The company said Tuesday, Nov. 9, 2021, that it plans a spinoff of its health care business in early 2023 and of its energy segment in early 2024. / AP FILE PHOTO/RICHARD DREW
The storied American company General Electric will divide itself into three public companies focused on aviation, health care and energy. The company, founded in 1892, has refashioned itself in recent years from the sprawling conglomerate created by Jack Welch in the 1980s to a much smaller and focused entity. It was heavily damaged by the…

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