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GE Sells Appliance Unit To Chinese Company For $5.4 Billion03:37

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The logo of U.S. giant General Electric is shown in Belfort on June 23, 2014.  (Sebastien Bozon/AFP/Getty Images)closemore
The logo of U.S. giant General Electric is shown in Belfort on June 23, 2014. (Sebastien Bozon/AFP/Getty Images)

The Chinese appliance maker Haier is paying a premium for General Electric's appliance business, as GE announced today. The move marks Haier's desire to expand its access to the U.S. market as the Chinese economy slows down.

Mike Regan, a columnist for Bloomberg Gadfly, joins Here & Now's Jeremy Hobson to discuss the $5.4 billion deal.

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