Electrolux, Quirky in talks with GE over appliance business sale

• General Electric (NYSE:GE) is in talks with Sweden's Electrolux (OTCPK:ELUXY) and Quirky, a consumer-product development startup, over the sale of its century-old appliances business that could fetch $2B.
• Quirky would partner with private-equity firms to acquire a majority stake, leaving GE with a minority holding.
• GE has been trying to sell its home appliances unit again as CEO Jeffrey Immelt puts a greater focus on industrial operations.