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GE confirms plans to exit appliance business

huffingtonpost.com — General Electric Co. plans to sell or spin off the appliance business that for a century has put refrigerators, washing machines and dishwashers in American homes in a move that some analysts say shows one of the world's largest companies may shed other cherished assets.

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  • cutekelvins, on 05/17/2008, -2/+2MrBabyMan digg digg you.
  • jmpeagle, on 05/17/2008, -0/+1hard to compete with the merged Whirlpool/Maytag corp that controls over 3/4ths of the market
  • nicholasdog, on 05/17/2008, -1/+1With the economy slumping they are going to have a hard time bringing good things to life.
  • UltramegaOK, on 05/17/2008, -0/+1Anybody else notice that their grandparents almost exclusively purchased GE products? That along with the old Chevy or Ford truck in the garage.
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