G.E. May Sell Appliance Division (NYT) Pretty soon they're just going to be turbines, medical imaging systems, lending, water desalination plants and lightbulbs. And aircraft leasing. And a bunch of other stuff. But still, what's GE without its iconic appliances business. You know, nothing like a good GE fridge to keep the lettuce crisp. Granted, it's not the hottest business. And consumers gravitate to more tony brands these days. Word is that the company could take in $5 billion for the unit, a nice little pad of butter during this economy.
Barclays Profit Falls After $3.3 Billion Writedown (Bloomberg)Another writedown to add to the tally. This time it's $3.3 billion from Barclay's -- no surprise that profit fell in the quarter. And this might not be the end of the story: They could do a raise, and there's a sense that we haven't seen the last of the writedowns. Shares dipped a couple percent on the day.
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