GE to sell appliance unit to Haier for 5.4 billion
GE will sell its appliance business to China's Haier Group for 5.4 billion in cash marking a move to shed noncore assets and reframe GE as a technology company. The deal values the unit at ten times EBITDA and keeps the Louisville Kentucky headquarters and brand intact.
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Wal-Mart to close 269 small stores in US and Latin America
Wal-Mart will shutter 269 outlets including 154 U S stores and 115 in Latin America with 60 in Brazil. No Iowa stores close. About 10 000 U S and 6 000 Latin American workers could transfer to other locations. Express format to end after underperforming results.
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Chipotle to Close All U S Restaurants Briefly for Safety Meeting
Chipotle says about 2,000 locations will close for part of Feb 8 for an all staff meeting to address recent food safety failures that sparked outbreaks. CEO and executives outline new safety measures including lettuce cleaning, precooking vegetables, and larger bag shipments to reduce handling.
MENTIONED IN THIS ARTICLE
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Chipotle
Lindale Mall
Cedar Rapids
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Iowa City
Mansour Samadpour
IEH Laboratories and Consulting Group
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