General Electric Co. was once so sprawling that its business ranged from insurance to plastics and even media in the form of NBC Universal. Those days of diversification are now long gone.

GE reported 13 individual operating segments in 2003, many of which have since been consolidated, wound down or sold off. The company now has three primary businesses: aviation, healthcare and power. On Tuesday, it said it would separate them into three public companies.

This post first appeared on wsj.com

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