GE still mulls breakup, confirms distributed power unit for sale

General Electric Co (GE.N) said on Friday it was still considering a potential breakup of the 126-year-old industrial conglomerate, but such a move was secondary to running its businesses better. Boston-based GE is divesting about $20 billion in assets in an effort to reduce costs and boost profits as part of a three-year restructuring plan under Chief Executive Officer John Flannery, who took over Aug. 1. Asked about a potential break-up, Flannery said the company is considering all options, but is focused on ensuring the businesses perform well.