GE set to receive bids for home appliances unit

New York

FIRST-ROUND bids for General Electric Co's home appliances business are due this week, according to people familiar with the matter, as the industrial giant seeks a speedy exit following its aborted deal with Electrolux AB.

Companies including Haier Electronics Group Co are weighing offers for the century-old unit, which may fetch more than the US$3.3 billion Electrolux had agreed to pay, said the people, who asked not to be identified discussing private information.