In addition to posting Q2 earnings, GE (GE +1%) says it will split its energy business into...

|By:, SA News Editor

In addition to posting Q2 earnings, GE (GE +1%) says it will split its energy business into three stand-alone entities to cut costs starting in this year's Q4. The three new businesses will report to GE Chairman and CEO Jeff Immelt. The total energy infrastructure unit employs 100K; revenue is expected to total ~$50B this year.