Oil plunges to seven-year low, Wall St. down
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General Electric (GE) Announces Termination of Appliances Business Sale
December 7, 2015 6:13 AM ESTGE announced today it has terminated its agreement to sell its Appliances business to Electrolux and will now pursue other options to sell the Appliances business.
GE is entitled to a break-up fee of $175 million from Electrolux. The Appliances business is performing well and GE will continue... More
