Even the light bulb division is up for sale?
That humming sound you hear coming from West Orange NJ is Thomas Edison spinning in his grave at about 1,500 RPM.
I believe it already exited the freight car leasing and repair business a year or two back, with the large non-tankcar fleet sold to Wells Fargo.
GE has already jettisoned its gigantic real estate portfolio, its dishwasher and appliance business, and legendary media properties NBC and Universal Studios. More recently, it unloaded its water business and a unit that makes electrical equipment for utilities. Even the light bulb division is up for sale....
....GE recently revealed plans to get rid of businesses worth at least $20 billion in the next year or two. One unit that could be on the chopping block is its struggling railroad business, which GE has owned for more than a century....
....Unlike companies that make simple products, GE's jet engines, locomotives and power plant systems require expensive engineering, factories, equipment and manpower to create....Another business getting hit hard is the railroad unit. GE is planning to get out of the railroad business through a potential sale or spinoff, the Wall Street Journal reported last week. (All emphasis mine)
http://money.cnn.com/2017/10/31/investing/ge-shrinking-cash-crunch-asset-sales
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