US industrial giant General Electric will sell its appliances business to China’s Haier Group for $5.4 billion, it said Friday, in one of the largest Chinese acquisitions of an American firm yet. The transaction epitomises the changing nature of the global economy, with a 100-year-old US company selling what was once one of its core … Continue reading Haier Buys GE’s Appliance Division For $5.4 Billion