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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (5000)	9/25/2017 1:15:03 PM
From: Kirk ©	2 Recommendations Recommended By 3bar rdkflorida2 Respond to of 26443

First off, congratulations on post number 5,000! We're not a high post topic here on SI, but I like to think we make up for it with quality and courtesy. Thanks for your great contributions for both these.

To: robert b furman who wrote (5000)	9/25/2017 1:17:53 PM
From: Kirk ©	Respond to of 26443

Now for the correction. GE makes a lot of low margin electrical appliances that provide low margin competition from China / eastern countries. GE sold that appliance business some time ago and used the $ to pay dividends and buy back shares. The sale announced today is G.E.’s Industrial Solutions Business nytimes.com Swiss Firm ABB to Buy G.E.’s Industrial Solutions Business for $2.6 Billion By CHAD BRAYSEPT. 25, 2017 LONDON — The Swiss engineering firm ABB Group said on Monday that it would buy General Electric’s business that provides circuit breakers and other electrical equipment for industry for $2.6 billion, as the American giant looks for ways to shake up its operations Continue reading the main story