
"General Electric Completes Historic Three-Way Split"
General Electric has completed its three-way split into separate companies for its aerospace, energy, and healthcare businesses, marking the end of its era as an industrial conglomerate. CEO Larry Culp's efforts to revitalize the company culminated in this move, which follows struggles including the 2008 financial crisis and a subsequent period of crisis. The aerospace and energy businesses will begin trading separately on the New York Stock Exchange, with GE Aerospace estimated to have a market value of over $100 billion.