GE confirms plans to exit appliance business
Posted: Fri May 16, 2008 7:37 am
Didn't expect that... I was going to replace my Kenmore dishwasher with a GE one, but now I don't think that will be a slick move.
SourceGeneral Electric Co. said Friday it plans to sell or spin-off its century-old appliance business.
The Fairfield, Conn., industrial conglomerate said in a statement the move is part of an ongoing plan to exit "slower growth and more volatile businesses."