China’s Haier Nears Deal to Buy GE Appliance Business.

The article reports on the deal between Chinese multinational consumer electronics and home appliances company Haier Group Co. and American conglomerate General Electric Co. (GE) to buy the appliance business of GE which is expected to be completed in 2016. Topics include the termination of GE's deal with Swedish appliance maker Electrolux AB, the attempt of GE to sell the business prior to the financial crisis and the struggle of Haier to gain small foothold in the U.S.