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August 15, 2014

GE in talks to sell appliance division

NEW YORK (AP) — General Electric confirmed that it is considering the sale of its historic appliance division as part of its effort to focus on selling more complex and more profitable industrial equipment.

The confirmation came after the Swedish appliance maker Electrolux released a statement Thursday that it was in discussions to buy the business from GE, which is based in Fairfield, Connecticut.


 
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