South Asia and Beyond

GE To Split Into Three Firms

Storied U.S. industrial conglomerate GE (General Electric) will split into three companies in a bid to simplify its business, pare debt and breathe life back into its share price. The announcement drove GE’s share price up over 8 per cent in premarket trading. GE’s revenue last year was a little over $79 billion, a far cry from the $180 billion of 2008.