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General Electric

General Electric is selling another segment of its financial business. (Joe Raedle, Getty Images)
General Electric is selling another segment of its financial business. (Joe Raedle, Getty Images)
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GE sells ‘down-under’ finance business in $6.3 billion deal

General Electric is selling another segment of its financial business, transferring its GE Capital consumer-lending operation in Australia and New Zealand to a group of investors in a deal valued at roughly $6.3 billion.

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Salesman puts price tag on a GE microwave in a California appliance store in 2008. GE is selling its appliance business to Sweden's Electrolux.  (AP Photo/Kevork Djansezian, File)
Salesman puts price tag on a GE microwave in a California appliance store in 2008. GE is selling its appliance business to Sweden's Electrolux. (AP Photo/Kevork Djansezian, File)
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GE, home appliance pioneer, sells that business to Swedish firm

NEW YORK (AP) -- General Electric, a household name for more than a century in part for making households easier to run, is leaving the home.

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General Electric plant in Belfort, eastern France. GE's net income rose 13 percent in the second quarter of 2014 on strong performance from its aviation and oil and gas divisions. (AP Photo/Thibault Camus, File)
General Electric plant in Belfort, eastern France. GE's net income rose 13 percent in the second quarter of 2014 on strong performance from its aviation and oil and gas divisions. (AP Photo/Thibault Camus, File)
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GE in talks to sell off its historic appliance division

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

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Spencer Platt, Getty Images
Spencer Platt, Getty Images
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Comcast to Buy GE’s Stake in NBCUniversal

Comcast is buying the rest of NBCUniversal from General Electric several years ahead of schedule to take advantage of low interest rates and what its CEO calls a "very attractive price" of $16.7 billion.

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