NY. The historic American conglomerate General Electric (GE), which had Thomas Edison among its founders more than 130 years ago, opens a new chapter in its history this Tuesday, completing its split into three companies that will each focus on a different branch. of activity. The group announced this move in November 2021 and then … Read more
General Electric Completes Historic Breakup into Three Companies GE Aerospace and Energy Begin Independent Trading on the NYSE General Electric, the renowned industrial conglomerate, has accomplished a significant milestone in its history by finalizing its breakup into three distinct entities, bringing an end to the era of the iconic American business powerhouse. CEO Larry Culp’s … Read more
Jakarta – Electrical general (GE) has laid off hundreds of employees. This layoff was carried out by the company on the grounds that it wanted to restructure its business. Quoted by Reuters, Thursday (10/6/2022), Electrical general they are currently restructuring and redesigning their business model. This is done in response to rising costs and falling … Read more
The New York Stock Exchange on Wall Street Wall Street got off to a stable start to a packed week. Investors are eagerly awaiting various quarterly figures from American companies and the Fed’s interest rate decision. – (Photo: AP) – – – – Frankfurt, New York A potential setback for the US economy from a … Read more
Munich The trend in industry is currently towards focus. Corporations like Siemens, General Electric and Toshiba have split up or have presented plans for it. But for the family business Schwan-Stabilo, the broader lineup has paid off in the pandemic. Because Stabilo stationery and Deuter backpacks provided enough money to convert the cosmetics division. “External … Read more
Toshiba is preparing to split the business into three separate companies. Former US giant General Electric will do the same. Split two ads on Friday and Johnson & Johnson. Is the end of conglomerates coming? We must first understand why companies make such a decision. The answer comes from a Toshiba manager earlier this month, … Read more
Toshiba intends to list the company’s shares on the stock exchange in the second half of fiscal 2023. A similar step, ie the division into three companies, was announced this week by the American giant General Electric. Toshiba’s plan envisages the separation of two key business areas: the Energy and Infrastructure Division and the Electronic … Read more
When someone hears the Tungsram name in the world, first perhaps come to mind the word lighting technology. The Hungarian company that manufactures burners and light bulbs that are used worldwide. But it would not be appropriate to simplify the story so much, especially since about a week ago, the company’s vertical research farm in … Read more
– New technology Wind energy is to be converted directly into hydrogen – (Photo: dpa) – – – – Düsseldorf / Frankfurt The energy technology group Siemens Energy and the wind turbine manufacturer Siemens Gamesa want to make the production of hydrogen market-ready with a new technology. In a project costing around 120 million euros, … Read more
“Joint demerger report” is above the document with 380 pages. That sounds like divorce and figuratively it is. But it is not about marriage, but one of the largest voluntary separations in German economic history. The industrial icon Siemens splits off its entire energy business – into an independent listed group. It is entitled Siemens … Read more