Recent News: More on Appliances

Appliances A Washout At GE
Jeff Immelt isn't Thomas Edison, and General Electric isn't a general electric company anymore. The beleaguered chairman of the historic blue-chip has decided to sever its ties with its historic appliance business...

Why GE Is Dropping Appliances
General Electric CEO Jeff Immelt keeps telling us that the megaconglomerate is looking to refine its business model. If you didn't believe him before, maybe he'll get your attention by selling off GE's century-old consumer appliance division....

GE to 'switch off' appliance unit
US conglomerate General Electric (GE) may stop making household appliances after more than a century in the business. It blames a sharp slowdown in US consumer spending and the housing slump for weak sales of appliances. GE-branded fridges, ovens and air conditioners have made the firm a household name, but the unit generated just 4% of total revenues in 2007...