Japanese business is also split.

Directors also met with three members of the retired executives' group, who proposed that the firm's institutional and retail businesses be split into separate companies.

Norfolkline's business was split in two divisions, a Logistics division and a Ferry division.

Its business is split about evenly between desktop and portable products.

After the two businesses were split, he stayed with the studio, and in 1963 became its president.

Today the business is split almost evenly between public and private sector clients.

The European business will be split into a credit-linked group and a capital markets group, instead of many units operating independently, the company said.

The business was split up and distributed to a host of other companies.

"Shareholders would be better served if these businesses were split into two companies."

So no existing business was split.