General Electric Co. agreed to sell its industrial-solutions business to Switzerland’s ABB Ltd., a sign that GE’s new chief is moving ahead with efforts to streamline the industrial giant. ABB will pay for $2.6 billion for the GE unit, which makes electrical equipment for utilities, with the aim of strengthening its presence in the electrification market, where it is number two globally behind France’s Schneider Electric SA,...

Source: Wall Street Journal September 25, 2017 06:42 UTC