New York
After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division to smart home company Savant Systems.The deal marks the latest step in dismantling the GE empire, which is saddled with too much debt and poor-performing businesses. GE has previously unloaded units that make microwaves, locomotives and washing machines as well as NBC Universal and much of its troubled financial arm.
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philips_uk Philips I think you can dominate the market now... you guys have always been better with all things electronics than GE
Co za czasy?
Dems even fcked up the basic lightbulb during the Obama era.
Go back to making incandescent! Many will want them soon.
This is so good news