From MarketWatch:
General Electric Co. is reportedly planning to end its century-long involvement in the appliance business in an effort to boost profits by separating itself from a division suffering from the prolonged U.S. housing slump....
and from DealBook:
G.E. Looks to Sell Its Appliances Unit
General Electric is planning to sell its appliances division, one of the longest-running businesses in the conglomerate’s 120-year history, a person briefed on the matter said Wednesday.
A sale of the unit could fetch at least $5 billion, this person said. G.E. has hired Goldman Sachs to run the auction. Among the potential bidders are Haier of China, Bosch of Germany and LG of South Korea....
I'm guessing they will demand a "Credit for Early Action" under Lieberman-Warner.
I'm not kidding.
