NEW YORK (TheStreet) -- General Electric Co. (GE) - Get General Electric Company Report shares are rising 0.22% to $30.25 on Thursday afternoon as U.S. antitrust regulators approved the company's proposed $5.4 billion deal to sell its appliance business to China's Haier Group.
Specifically, the Department of Justice said in a notice that it completed reviewing the proposed transaction, Reuters reports.
This comes after GE on Wednesday said it was selling its India commercial lending and leasing businesses to a consortium of former GE Capital management backed by AION Capital Partners.
The transaction includes about $400 million in ending net investment.
Overall, the company has been working to shed its financial businesses to focus more on its industrial operations.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its increase in net income and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
You can view the full analysis from the report here: GE