iness that could involve a sale, spinoff or partnership with another company. The U.S. conglomerate could as a result get out of the appliance business for the first time in over 100 years. "This review is consistent with the strategy we have been executing to transform our portfolio for long-term growth, " GE chairman and chief executive Jeff Immelt said.
"Since 2003 we have exited slower growth and more volatile businesses, generating US$52 billion in gross proceeds from dispositions. These proceeds have been reinvested into a transformed portfolio of faster growth, higher margin businesses, stock buybacks and other restructuring activities."
