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00:00:00
wonderful little company jeep easy whose refrigerators dishwashers and washers dryers have been stapled American household for a century is selling at the plant business to the Chinese the company announcing Friday the unit will be bought by manufacturer higher group for five point four billion dollars its CEO Jeff Immelt mission to streamline the nation's largest industrial company focusing on the most profitable Armitage business jet engines locomotives and turbines rather than microwaves , the firm recently decided to unwind it finance arm GE capital and on Thursday GE announced it would move its corporate headquarters from a sprawling Connecticut location to downtown Boston where it hopes to attract young tech savvy professionals Chinese buyer higher is snow for a small player in the U. S. market suggesting regulators will not try to block the sale