Quote:
The Fairfield, Conn., industrial conglomerate said in a statement the move is part of an ongoing plan to exit "slower growth and more volatile businesses."
The company is planning a strategic review that could result in an outright sale, a strategic partnership or a spin-off to shareholders.
The Louisville, Ky.-based business, which makes refrigerators, air conditioners and ovens, generates most of its revenue in the U.S., leaving its results dependent on "the rise and fall of a single market," GE said.
|
http://www.philly.com/philly/wires/a...ebusiness.html
not everything has to be made in America, people are just frustrated because it seems like nothing is. Japan and Taiwan took the lead in electronics a long time ago. Toyota doesn't make all their parts in Japan either. Risign transportation costs should, over time, change the world distribution network.
Quote:
Helicopter-maker AgustaWestland will celebrate a major expansion of its Philadelphia factory this morning, strengthening this region's long leadership in the evolution of rotary-winged flight.
This is the second major expansion of the Italian aerospace firm's 20-year-old plant on Red Lion Road at Northeast Philadelphia Airport.
By the end of this year, the facility will employ 500 people, up from 200 in 2005, the company projected.
|
http://www.philly.com/philly/business/15759302.html
I read recently that the city is in talks with an Italian food producer about setting up shop here.