Check out a nice GE convection oven.
It may be for sale, along with the rest of GE’s appliances division.
General Electric said it is seeking “strategic options” for the appliance business, which could include a partnership, spinoff or sale.
Lots of consumers are familiar with GE refrigerators, dishwashers and the like. But the business accounts for only about 4 percent of the company’s sales. It takes a lot of dishwashers to equal one jet engine.
Aside from aviation, the company’s other business lines include energy, electrical distribution healthcare and media & entertainment (think NBC television.)
So why keep holding on to appliances, especially when that business is being hurt by the long-running housing slump?
Also in the basket:
Abercrobmie & Fitch profit tops view
Macy’s to have FAO Schwartz boutiques in stores
Old-style pumps balk at $4-a-gallon gas, too (Washington Post)
U.S. department store sales weak, but beat Street
(Reuters photo)
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