General Electric exits the LED business

Justin Ho Nov 6, 2018
HTML EMBED:
COPY

General Electric exits the LED business

Justin Ho Nov 6, 2018
HTML EMBED:
COPY

The General Electric of today looks almost nothing like it did before the financial crisis. In the last few years, the company has been selling pieces of itself off like a Halloween store in November. Today, it announced it’s selling its LED lighting business. That follows its exit from the appliance business, its sale of NBC Universal and other big units. But who is buying those GE castoffs? And why?

 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.