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General Electric

U.S. Sues To Block GE Appliance Business Sale To Electrolux

NEW YORK — The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying that the combined company would dominate sales of ovens and other cooking-related kitchen appliances, especially to customers such as home builders, property managers, hotels and governments. General Electric Co. and Electrolux say they will defend the sale in court and aim to complete the $3.3 billion deal this year. The companies announced the sale in September. The U.S. Department of Justice has filed suit asking a U.S. District Court in Washington to block the sale. The agency says the deal would eliminate a major competitor and leave Electrolux and...

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