GE Splitting into 3 companies -

Industrial powerhouse GE is planning a split into three divisions focused on healthcare, aviation, and energy transition.

GE's breakup was a long time in the making, after it fell from favor with the markets during the financial crisis.

The iconic company is the symbol of an era when conglomerates dominated business and hedged risk by diversifying their profit centers. But that model is becoming extinct in the U.S., say experts.

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