G-E Makes Course Correction

posted by John Baibak - 

General Electric is getting smaller.   

The Boston based company yesterday announced plans to divest its oil,  gas and health care businesses. 

 Once those moves are complete, GE will  be focused on just three business lines, which are aviation, power and  renewable energy.  

GE currently employs around 300 thousand people, and  is building a new headquarters in Boston's Fort Point.

General Electric left Connecticut in order to build that operation in Boston.

(YASUYOSHI CHIBA/AFP/Getty Images)

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