-
GE’s Health Business Is Ready for Its Close-Up
General Electric Co.’s breakup gives its health-care unit a chance to shine. The industrial company on Tuesday said it would spin off the division as part of a broader restructuring that will also include the divestiture of its stake in the Baker Hughes energy business and a further shrinking of GE Capital. The health-care unit, […]
-
GE’s Dribs and Drabs of Deals Need to Add Up
General Electric Co. is adding another few billion to its depleted coffers, but it’s got a long way to go. The beleaguered industrial giant, fresh off its demotion from the Dow Jones Industrial Average, on Monday announced the sale of its distributed-power business to private equity firm Advent International. The headline deal value is $3.25 billion, […]
-
GE’s $100 Billion Wipeout Heralds Reckoning for an American Icon
Few under the age of 30 might remember, but General Electric Co. was once a model of corporate greatness. Back in 1999, when Steve Jobs was still fiddling with iMacs, Fortune magazine proclaimed Jack Welch, then GE’s chief executive officer, the best manager of the 20th Century. Few people — of whatever age — would […]