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GE plans to shed century-old appliance business
General Electric Co. said yesterday that it plans to sell or spin off its iconic appliance business that for a century sold refrigerators, air conditioners and ovens for millions of homes.
Carlyle pays $2.54 billion for part of Booz Allen
D.C. private equity firm Carlyle Group said yesterday it is buying the government contracting business of Booz Allen Hamilton Inc. for $2.54 billion — one of the few major buyouts to be announced since the credit crunch took hold last July.
Financial Tools
Patrick Rodriguez and his mother, Erica, examine a refrigerator manufactured by General Electric Co.
'Buy down' offer sweetened to end auto strike
American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said today. 6:06 p.m.
More Top Stories
- Housing posts big rebound in April (By Martin Crutsinger ASSOCIATED PRESS)
- JFK, Newark to auction slots (By Dan Caterinicchia ASSOCIATED PRESS)
- Bernanke asks to pay interest on reserves
- Stocks post week of healthy gains
- Macy's signs deal to put FAO Schwarz in stores (By Lisa Cornwell ASSOCIATED PRESS)
- Saudis increase oil production (By Patrice Hill)
Other Top Stories
Friday, May 16
- FDA reissues warning about transplant drug (By Matthew Perrone)
- Uptick splits economic forecasters (By Patrice Hill)
- Reduced oil prices raise stocks (Associated Press)
- Potomac Mills to expand retail, restaurant space (By Tom Ramstack)
- Cox ISP accused of limits on users (By Kara Rowland)
- Department stores see profits drop (Associated Press)
- Icahn presses for new board at Yahoo (Associated Press)
- Retailers fight credit-card firms over fees (By Christopher S. Rugaber)
- Guru of gadgets (By Linda A. Johnson)
- Checklist
- U.S., Japan working to ease shortage of food (By Patrice Hill THE WASHINGTON TIMES)
- Factory output falls in April
Thursday, May 15
- A bridge or two more (By Bill Koenig BLOOMBERG NEWS)
- Sallie Mae: Credit-rating damage fixed (By Marcy Gordon ASSOCIATED PRESS)
- Freddie Mac change cuts charges (By Dawn Kopecki BLOOMBERG NEWS)
- Builder for river property sought (By Tom Ramstack)
- Consumer prices rise at slower pace
- DuPont partners with Danish firm (By Ben Nuckols ASSOCIATED PRESS)
- Ailing GE mulls appliance unit sale (By Rachel Layne)
- Six Flags eyes sale of bonds for debt (By Pierre Paulden BLOOMBERG NEWS)
- Stocks rise on consumer prices
- Checklist
- Court reverses Vioxx verdict
Wednesday, May 14
- Sallie Mae snafu dings borrowers' credit (By Marcy Gordon)
- Quake forces China to close energy production facilities
- Italian defense firm to buy DRS (By Alessandra Rizzo ASSOCIATED PRESS)
- Markets close mixed after a retail report
- Barras fired from WAMU (By Kara Rowland)
- Foreclosures up 65 percent in a year
- HP buys EDS for $13.2 billion
- EarthLink's Wi-Fi network folds in Philadelphia
- Airlines will pack planes despite fewer fliers this summer
- Checklist
Tuesday, May 13
- Conflicts derail key apartheid case (By Tom Ramstack)
- Court rebuffs smoker on tobacco prices
- Markets rally as oil prices retreat
- U.S. clears heparin with tighter testing (By Elaine Kurtenbach)
- Prices outrun pumps (By John K. Wiley)
- Checklist
- Renault-Nissan to make Indian car
- Toyota's new U.S. plant put on hold by weak sales
- HP bids for EDS to boost options (By Michael Liedtke)
- China's inflation soars to 8.5% (By Joe McDonald)
- Tribune deal aids reducing its debt
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2. McCain widens dialogue on blogs
3. A little rock hits a noisy target
4. Inside Politics
5. 'Sweetie' leaves bad taste for Obama critics
AP
- Spokeswoman: Sen. Kennedy conscious after seizure
- Thousands flee China quake area over flood fears
- Bush says Saudi oil boost doesn't solve US problem
- Iraq detains 1,000 in anti-al-Qaida crackdown
- Police: Gunman wounds 3 outside SoCal church
- Train derailment, acid leak forces La. evacuation
- Clinton presses on with campaign despite long odds
- UAW, American Axle reach deal that could end strike
- Allen talks of Spain and threesomes at Cannes
- Santana pitches Mets to 7-4 victory over Yankees
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