GE reignites break-up talk after $11 billion insurance, tax hit
General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws. Chief Executive John Flannery has previously raised the idea of selling pieces of the largest U.S. industrial company, but went slightly further on Tuesday, saying GE is “looking aggressively” at a spin-off or other ways to maximize the value of GE’s power, aviation and healthcare units.
Source:: https://finance.yahoo.com/news/ge-6-2-billion-charge-finance-arm-fourth-115706945–sector.html
