GE to sell its appliance business

Amen Peter

+ the appliance business will only get tougher with housing market down, consumer debt high and nobody with any room on their home equity lines.

Another pioneer in American manufacturing falling victim to foreign trade. Like the U.S auto industry, the government did nothing to entice companies to remain competetive. Had tariffs been implemented on imports, as countries do to our products, maybe we'd still be in the drivers seat.

On one level it's sad that what was synonymous with GE-appliances-will be no more. But something has to be done with this underperforming company. I'd be happy if they dumped NBC and some other units, and concentrated on certain core industrial industries. Then maybe the company would attract interest again.

What a miserable performance since Immelt came in-and I don't just mean this last quarter. What baffles me is why he is not held accountable the way every other CEO would be today? It will be 7 years. The guy gets a free pass from financial journalists-I guess it's fear of CNBC retribution.

Why sell this at the bottom of the worst housing decline in modern history ?? Because they have to. It reduces a little bit of the leverage and that's good. It also removes a predictable low risk business and makes the current leverage in this business even less acceptable. Raybo

About a year ago I needed a new Dishwasher and was stupid enough to buy a GE. It's pretty and shiny but it just doesn't wash dishes. I had a GE before and they worked well but there has been a design change on the newer models and it really does a lousy job. Based on this experience I will probably never buy another GE appliance and will tell evedrybody who asks me why.

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