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From T
he 10 Point : My Guide to the Day's Top News
Matt Murray -Editor in Chief, WSJ


 

 

 

Breaking: GE Spinoff

 


General Electric said it will spin off its health-care business and unload its ownership in oil-services company Baker Hughesóbetting that the once-sprawling conglomerate, already planning to shed numerous businesses, can reverse a painful slump by further shrinking. The news confirmed an earlier report by The Wall Street Journal. The leaner GE's focus will be its power, aviation and renewable-energy businesses. The company's yearlong strategic review has been tumultuous for employees and investors, as the former industrial bellwether has slashed its dividend and seen its shares tumble by half.

 

Matt Murray / The Wall Street Journal /June 26 2018

Twitter: @petroleumworld1


WSJ The 10 point was taken from the daily brief mail by the Wall Street Journal, on 05/29/ 2018. The views are not necessarily those of Petroleumworld

Petroleumworld 06 26 2018

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