Regulatory resistance could force GE to seek other deals

New York

US and European regulatory resistance could force General Electric Co (GE) to seek another buyer for its appliances business and different paths to expand its industrial operations in an ongoing strategic overhaul.

Chief executive Jeff Immelt wants further focus on the manufacturing of higher-margin products such as jet engines and power-generating turbines, and to move away from riskier finance earnings. But two of his moves are in doubt over concerns they will hurt competition.