GE can't get rid of its light bulb business
General Electric has been linked to the light bulb for the past 126 years. Now, GE is having a hard time getting rid of it. It's been nearly a year since cash-strapped GE revealed plans to sell the struggling light bulb business and focus instead on moneymakers like jet engines and MRI machines. But GE (GE) has yet to find a taker for the iconic unit. The company is in "active discussions" with potential suitors for the lighting division, CEO John Flannery told analysts during a conference call last month.
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