GE, an industrial conglomerate pioneer, to break up

Reuters2021-11-10

(Reuters) - General Electric Co(GE.N)will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

SSVC
2021-11-10
SSVC
Yup Appreciate your response and comments Thanks
- SSVC:
  [Strong][ShakeHands]
- 小小馒头:
  Okay
Nebhol
2021-11-10
Nebhol
Like comment
- jerryang17:
  Ok.
- SSim:
  Ok
IZLIN
2021-11-10
IZLIN
@Meow17 @Sagi08 @simplydkam[Surprised]
- Nebhol:
  Ok
ArcherWG
2021-11-10
ArcherWG
👌🏻
小白添祥
2021-11-10
小白添祥
like & comment please
- JunLong:
  Like
- JS64:
  Ok
- aibee:
  [抱拳]
- ArcherWG:
  Done
kenlim45
2021-11-10
kenlim45
Good
- AudTKH:
  Ok

发表看法

160

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1116573573?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/d4130e6389dd597b1fd98bec5929e58b","is_english":true,"pubTime":"2021-11-10 07:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1116573573","market":"us","top_or_hot":-1,"title":"GE, an industrial conglomerate pioneer, to break up","media":"Reuters","content":"<div>\n<p>(Reuters) - General Electric Co(GE.N)will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered ...</p>\n\n<a href=\"https://www.reuters.com/business/ge-form-three-public-companies-2021-11-09/\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GE, an industrial conglomerate pioneer, to break up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGE, an industrial conglomerate pioneer, to break up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/ge-form-three-public-companies-2021-11-09/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - General Electric Co(GE.N)will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered ...</p>\n\n<a href=\"https://www.reuters.com/business/ge-form-three-public-companies-2021-11-09/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GE","symbol_name":"GE航空航天","start_time":0,"source_url":"https://www.reuters.com/business/ge-form-three-public-companies-2021-11-09/","article_id":"1116573573","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/d4130e6389dd597b1fd98bec5929e58b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116573573","pubTimestamp":1636501024,"sourceInfo":null,"weMediaInfo":null,"summary":"(Reuters) - General Electric Co(GE.N)will split into three public companies as the storied U.S. indu","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GE":"GE航空航天"},"translate_title":"通用电气，一个工业企业集团的先驱，要解散了","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/4408a9313412e01133861fd1f2d41482","symbols_score_info":{"GE":0.9},"content_text":"(Reuters) - General Electric Co(GE.N)will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price, the company said on Tuesday.\nThe split marksthe endof the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power.\nGE shares closed 2.6% higher at $111.29 on Tuesday, after reaching a nearly 3-1/2 year high, compared with a 0.35% drop in the broader S&P 500(.SPX)index. The industrial conglomerate's shares have gained about 9% since July 30 when the company reduced the number of its traded shares.\nThe Boston-based company said the three businesses would focus on energy, healthcare and aviation.\nGE will separate the healthcare company, in which it expects to retain a stake of 19.9%, in early 2023. It will combine GE Renewable Energy, GE Power and GE Digital and spin off the business in early 2024.\nFollowing the split, it will become an aviation company, helmed by GE Chief Executive Larry Culp. The aviation company will inherit GE's other assets and liabilities, including its runoff insurance business.\nA company spokesperson said brands and names of the spun-off units will be decided later.\nIt is theboldest attemptunder Culp, who took GE's reins in 2018, to simplify the company's business.\nIn the past three years, Culp has focused on reducing debt by selling assets, and improving cash flows by streamlining operations and cutting overhead costs.\nThe measures have led to an improvement in GE's balance sheet, putting it on track to reduce debt by more than $75 billion by the end of 2021.\nThe company now expects to generate more than $7 billion in free cash flow in 2023 and is planning to monetize its stakes in Baker Hughes, AerCap and the healthcare unit to cut its net debt to less than $35 billion by then.\nIn an interview with Reuters, Culp said the decision to split the company was paved by GE's progress in terms of repairing its balance sheet and operational performance.\nHe did not expect the spinoff to face any regulatory or labor issues and said there was no investor pressure behind the decision.\n\"Spins create a lot of value,\" he said in the interview. \"These are moves geared toward making GE stronger, helping our businesses and the teams perform better.\"\nINDUSTRIAL POWERHOUSE\nCulp's strategy is in stark contrast to the path GE pursued in the 1980s and 1990s under Jack Welch, who expanded the company into an industrial behemoth.\nA founding member of the Dow Jones Industrial Average(.DJI)in 1896, GE spent more than a century in that storied stock index before getting the boot in 2018 following years of sliding valuation. It created the first electric cooking range and clothes washer, the first nuclear power plant, and supplied the U.S. space program. Its interests have spanned television, movies and insurance to lightbulbs and locomotives.\nHowever, it has been facing investor skepticism about its ability to turn a corner since the 2008 financial crisis, while struggling with debt. The sagging fortunes prompted the company to fire Chief Executive John Flannery and hand over the reins to Culp.\nFor a graphic, seehttps://tmsnrt.rs/30eqk2r.\nThe company's revenue for 2020 was $79.62 billion, a far cry from the $180 billion-plus in revenue it booked in 2008.\nIn 2015, activist investor Nelson Peltz took a stake in GE and demanded changes at the company, including moving away from finance operations and toward its industrial roots. On Tuesday, Peltz's company, Trian, said it \"enthusiastically supports this important step in the transformation of GE.\"\nGE's aviation business, usually its cash cow, makes jet engines for Boeing Co(BA.N)and Airbus SE(AIR.PA). Questions remain over how the company will fund the unit's operations, which tend to be very capital-intensive.\nThe company reckons the aviation unit's low-cost structure, strong order book and investment-grade balance sheet would let it tap capital markets. But some analysts say the unit's valuation could suffer as it will also take over GE's financial liabilities after the split.\n\"There is clearly a debate among investors as to how much the aviation valuation should be penalized vs peers because of the financial liabilities,\" analysts at Barclays wrote in a note.\nAn industry source, however, said the aviation business has been distracted until now by propping up rest of the company, which took a lot of the unit's bandwidth. The unit is expected to be valued at more than $100 billion after the spinoff, the source added.\nCulp also said the split would make different units \"more focused\" and result in \"greater accountability.\"\nThe company expects to take a one-time charge of $2 billion related to separation and operational costs and tax costs of less than $500 million.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":847633908,"gmtCreate":1636511564833,"gmtModify":1636511568225,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3574906731000207","idStr":"3574906731000207"},"htmlText":"Yup Appreciate your response and comments Thanks&nbsp;","listText":"Yup Appreciate your response and comments Thanks&nbsp;","text":"Yup Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/847633908","repostId":1116573573,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6534276,"gmtCreate":1636605138177,"gmtModify":1636605138206,"authorId":3574906731000207,"author":{"id":3574906731000207,"idStr":"3574906731000207","authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847633908,"type":1,"supId":6531364,"prevId":0,"content":"[Strong][ShakeHands]","text":"[Strong][ShakeHands]","html":"[Strong][ShakeHands]"},{"id":6531364,"gmtCreate":1636590654208,"gmtModify":1636590654243,"authorId":3580629550243320,"author":{"id":3580629550243320,"idStr":"3580629550243320","authorId":3580629550243320,"name":"小小馒头","avatar":"https://static.tigerbbs.com/8662af09a6a7d2e9548f6a2e76832bc6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847633908,"type":1,"supId":0,"prevId":0,"content":"Okay","text":"Okay","html":"Okay"}],"langContent":"CN"},{"id":847883002,"gmtCreate":1636506365175,"gmtModify":1636506365783,"author":{"id":"3567411499210880","authorId":"3567411499210880","name":"Nebhol","avatar":"https://static.tigerbbs.com/b0bfc2a45b91e41a283614268857b3a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3567411499210880","idStr":"3567411499210880"},"htmlText":"Like comment&nbsp;","listText":"Like comment&nbsp;","text":"Like comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/847883002","repostId":1116573573,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6520036,"gmtCreate":1636508863571,"gmtModify":1636508863603,"authorId":4092410761566010,"author":{"id":4092410761566010,"idStr":"4092410761566010","authorId":4092410761566010,"name":"jerryang17","avatar":"https://static.tigerbbs.com/1eb61373cf0be973dd9dc7f072c54352","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847883002,"type":1,"supId":0,"prevId":0,"content":"Ok.","text":"Ok.","html":"Ok."},{"id":6519989,"gmtCreate":1636508626391,"gmtModify":1636508626480,"authorId":3573512309350380,"author":{"id":3573512309350380,"idStr":"3573512309350380","authorId":3573512309350380,"name":"SSim","avatar":"https://static.tigerbbs.com/bc347d90f5e5fb868ce6d6c9cf5f4763","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847883002,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":847839863,"gmtCreate":1636505065901,"gmtModify":1636505066639,"author":{"id":"3581848609787274","authorId":"3581848609787274","name":"IZLIN","avatar":"https://static.tigerbbs.com/f2241963762942310c858a3aae49c0d1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581848609787274","idStr":"3581848609787274"},"htmlText":"<a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a><a href=\"https://laohu8.com/U/3582026494482473\">@Sagi08</a><a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a>[Surprised]&nbsp;","listText":"<a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a><a href=\"https://laohu8.com/U/3582026494482473\">@Sagi08</a><a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a>[Surprised]&nbsp;","text":"@Meow17@Sagi08@simplydkam[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847839863","repostId":1116573573,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6519371,"gmtCreate":1636506373230,"gmtModify":1636506373261,"authorId":3567411499210880,"author":{"id":3567411499210880,"idStr":"3567411499210880","authorId":3567411499210880,"name":"Nebhol","avatar":"https://static.tigerbbs.com/b0bfc2a45b91e41a283614268857b3a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847839863,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":847807883,"gmtCreate":1636504453275,"gmtModify":1636504454501,"author":{"id":"3581837121803380","authorId":"3581837121803380","name":"ArcherWG","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581837121803380","idStr":"3581837121803380"},"htmlText":"👌🏻&nbsp;","listText":"👌🏻&nbsp;","text":"👌🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847807883","repostId":1116573573,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":847808170,"gmtCreate":1636504212005,"gmtModify":1636504213837,"author":{"id":"3571345352614779","authorId":"3571345352614779","name":"小白添祥","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3571345352614779","idStr":"3571345352614779"},"htmlText":"like &amp; comment please&nbsp;","listText":"like &amp; comment please&nbsp;","text":"like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/847808170","repostId":1116573573,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6519210,"gmtCreate":1636505755193,"gmtModify":1636505755226,"authorId":3554811797518409,"author":{"id":3554811797518409,"idStr":"3554811797518409","authorId":3554811797518409,"name":"JunLong","avatar":"https://static.tigerbbs.com/b2e52c429c122abe07466e4b07ee5730","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847808170,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"},{"id":6518930,"gmtCreate":1636504773015,"gmtModify":1636504773120,"authorId":3582972798563668,"author":{"id":3582972798563668,"idStr":"3582972798563668","authorId":3582972798563668,"name":"JS64","avatar":"https://static.tigerbbs.com/ad519f92a203874c41d7d11080b13d18","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847808170,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6518852,"gmtCreate":1636504483213,"gmtModify":1636504483242,"authorId":3581895153736016,"author":{"id":3581895153736016,"idStr":"3581895153736016","authorId":3581895153736016,"name":"aibee","avatar":"https://static.tigerbbs.com/c3a01aa497813f2bf89ee264cf6292ab","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847808170,"type":1,"supId":0,"prevId":0,"content":"[抱拳]","text":"[抱拳]","html":"[抱拳]"},{"id":6518846,"gmtCreate":1636504460455,"gmtModify":1636504460484,"authorId":3581837121803380,"author":{"id":3581837121803380,"idStr":"3581837121803380","authorId":3581837121803380,"name":"ArcherWG","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847808170,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"CN"},{"id":847125129,"gmtCreate":1636502520866,"gmtModify":1636502521223,"author":{"id":"4087993342728370","authorId":"4087993342728370","name":"kenlim45","avatar":"https://static.tigerbbs.com/041f7cb113fb34ffb16e6418486502fe","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087993342728370","idStr":"4087993342728370"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847125129","repostId":1116573573,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6518445,"gmtCreate":1636503236658,"gmtModify":1636503236756,"authorId":3575582076363736,"author":{"id":3575582076363736,"idStr":"3575582076363736","authorId":3575582076363736,"name":"AudTKH","avatar":"https://static.tigerbbs.com/e4905e1cd622b8faa04ad4125cd04a83","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847125129,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":160,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1116573573"}