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General Electric gets out of solar panels; Michael Kors looks great to Wall Street; and more
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• After more than half a decade, General Electric is giving up on its plan to make solar panels. It sold its solar-power technology to competitor First Solar in exchange for a 1.8 percent stake in the company worth $82 million. The sale doesn’t mean GE is getting out of sun power altogether—it will market First Solar’s products to companies looking to build large-scale renewable energy plants, including wind turbines and solar installations.