GE renews break-up talk after $11 billion insurance, tax hit

Chief Executive John Flannery has previously raised the idea of selling pieces of the largest U.S. industrial company, as he slashes thousands of jobs and moves to cut $3.5 billion in costs to counter a plunge in profits and cash flow.The problem was flagged in July when GE said "adverse claims" were appearing in part of its long-term care portfolio and it was assessing how much policy-holders would likely pay.