General Electric looks to sell appliance unit

[alanh]

"General Electric Co (GE.N) is looking to sell its appliance unit in an auction that could bring in $5 billion to $8 billion..."

http://www.reuters.com/article/ousiv/idUSWEN575620080515

 

[johnb300m]

yeah....very depressing and embarrassing.
There's a huge thread about it in the "yellow" section.

 

[laundromat]

GE, instead of bringing good things to life,it Looks like GE's about to "put good things to death"!

 

[westyslantfront]

My guess is that Haier will take over GE.

Ross