General Electric can fail to manufacture light bulbs, says '' WSJ ''

NEW YORK-General Electric--which has among its founders, Thomas Edison, the electric lamp creator — can only sell this type of product. According to the Wall Street Journal, the company studies get rid of your lighting for retail business, which includes products with led and connected home technology in North America. Would be LED out for commercial use.
And the company has talked about the operation with investment banks, told American newspaper people with knowledge of the matter. According to them, the value of the sale would be around $500 million. However, there is no guarantee that it will be completed.
The unit that the company study sell did $2.2 billion of revenue in 2016, less than 2.2% of the total invoiced by the company, says the "WSJ". And it would be the latest episode of focus changes that GE has undertaken in recent years, leaving behind consumer items, which have been weak growth and profitability.
The company has disposed of his financial assets, in 2015; last year, she sold your home appliances Division to Chinese group Haier for $5.4 billion. Now, GE focuses its efforts on its divisions dedicated to power generation turbines, aircraft engines, healthcare equipment and locomotives — and service contracts for these machines, which highlights the American Journal, is profitable