15779 Wed, 12/17/2008 - 12:59pm
FAIRFIELD, Conn.–Citing poor economic conditions, General Electric said yesterday that it is delaying plans to sell or spinoff its major appliances and lighting division.
GE officials said that the strategy was correct, but that it is the wrong time. The company did not predict when it might be the right time.
The company announced in May that it was exploring options for its major appliances, lighting and related businesses.