New York (CNN Business) General Electric, the industrial conglomerate founded by Thomas Edison in 1892, is breaking up. GE announced plans Tuesday to split into three separate companies. GE will become separate, publicly traded companies for its aviation, healthcare and energy businesses. GE GE Shares ofsurged as much as 17% in premarket trading on the news before retreating to about a 6% gain in early trading after the open. "We are putting our technology expertise, leadership, and global reach to work to better serve our customers," he added.

Source: CNN November 10, 2021 07:36 UTC