GE Selling Its Appliance Business To China’s Haier For $5.4 Billion

GE Selling Its Appliance Business To China’s Haier For $5.4 Billion

A month after giving up on the idea of selling its appliance business to Electrolux, GE has found a new buyer willing to pay big bucks for the company’s slate of washers, dryers, and fridges. This time, it’s the China-based Haier Group, which will pay $5.4 billion to take over this portion of GE’s business. [More]

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October Recall Roundup: High Chairs, Herring, And Metal Shards

In this months’ recalls: wood cleaner sprays users in the face, wooden porch swings collapse, there’s Listeria everywhere, and an unusual number of herring products are recalled for unrelated reasons That number: two. [More]