GE spins off healthcare unit as part of simplification push

GE is spinning off its healthcare unit and divesting its stake in oilfield services company Baker Hughes in a bid to simplify the business.
The 126-year-old company plans to focus on the areas of aviation, power and renewable energy moving forward. The move is part of GE’s plan to shrink its size by cutting back its offerings, and comes just days after the conglomerate was booted from the Dow Jones Industrial Average. It has since been replaced by Walgreens.
“Today marks an important