New York Times
General Electric said on Friday that it had agreed to sell its appliances business to Qingdao Haier of China for $5.4 billion in cash. The deal includes the stake of 48.4 percent that G.E. Appliances owns in Mabe, a Mexican appliances company. The Chinese appliances company, which had revenue of about $32.6 billion in 2014, snapped up the appliances unit after a G.E. deal with Electrolux of Sweden worth $3.3 billion fell apart last year.