Deals
GE Cuts the Lights on Edison Era With Plan to Sell Bulb Business
- Inventor’s 1879 lamp was precursor to the company’s founding
- Manufacturer says it’s beginning talks with potential buyers
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Thomas Edison is said to have declared that he’d make electric light so cheap that only the rich would burn candles.
More than a century later, General Electric Co., the company rooted in all things Edison, is giving up on the light-bulb business.