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Re: Jetmek_03052 post# 7908

Friday, 07/19/2019 10:46:36 PM

Friday, July 19, 2019 10:46:36 PM

Post# of 11963
The sales of GE assets point to one of the company's biggest ongoing challenges, and one that is sure to continue to dominate the company's news heading into 2019. GE, which grew into a massive conglomerate under the leadership of Jack Welch in the 1980s and 1990s, is working to streamline its operations. GE plans to sell off portions of its healthcare and life sciences divisions in the near future in an effort to reduce its weight and make itself more financially viable. The company's remaining Baker Hughes holding, valued at about $13 billion, may also be up for sale in the coming weeks or months.
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