Leslie’s Notebook

We hear that GE may sell its famed appliance unit for as much as $5 billion. Might it deploy that capital in faster-growing businesses–getting away from GE Profile refrigerators to selling more wind turbines?

If the U.S. housing slowdown means it would sell fewer appliances, then moving to renewables like wind power makes sense. Just call T. Boone Pickens, who plans the world’s largest windfarm in the Texas Panhandle.

– Leslie Haines, Editor in chief, Oil and Gas Investor

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