CNN (April 2)
“GE once did almost everything for the typical American family…. No longer. With Tuesday’s split into two companies, the break up of the once mighty industrial icon is complete.” Founded in 1892 by Thomas Edison, GE was “built into the world’s largest and most valuable company by the once legendary, but now oft-criticized CEO Jack Welch” before floundering during the 21st century.
Tags: 1892, Break-up, CEO, Criticized, Edison, Floundering, GE, Industrial, Largest, Legendary, Most valuable, Split, U.S., Welch
BBC (December 6)
Saudi Aramco, the state-owned oil giant, “raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh. The share sale was the biggest ever, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York.” When trading begins, it will become “the most valuable listed company in the world,” valued at $1.7tn based on the IPO.
Tags: Alibaba, China, IPO, Most valuable, New York, Oil, Record, Riyadh, Saudi Aramco, Share sale
