Retiredin1993 Posted January 15, 2016 Report Share Posted January 15, 2016 BEIJING Haier Group, the world's biggest home appliance maker, is buying General Electric Co.'s appliance business for $5.4 billion to expand its U.S. and global presence. The acquisition announced Friday comes as Haier tries to transform itself into a premium brand. GE is shifting emphasis from traditional businesses such as appliances, in which it has been a prominent presence for more than a century, to higher-technology areas such as medical equipment and clean energy. http://www.kentucky.com/latest-news/article54841885.html Read more here: http://www.kentucky.com/latest-news/article54841885.html#storylink=cpy Link to comment Share on other sites More sharing options...
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