GE recalls 222K washing machines over fire hazard; and Yum names China spinoff directors

A news summary focused on 10 big employers; updated 8:27 a.m.

GE APPLIANCES and federal consumer products safety regulators have recalled 222,000 GE Profile high-efficiency top-loading clothes washers in three different models after the Louisville-based manufacturer received 71 reports of internal components burning or catching fire. In three incidents, fires resulted n about $129,000 in property damage. No injuries have been reported, however, according to the U.S. Consumer Product Safety Commission. The machines made in South Korea and sold in the U.S. by Best Buy, Lowe’s, Sears, Home Depot and other stores nationwide from June 2003 through October 2011 for between $900 and $1,400 (press release). GE employs about 6,000 workers at Appliance Park in the south end.

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Hu

YUM filled out the 10-member board of directors for the planned Yum China spinoff, identifying another eight of the members, including two former Yum executives. The Louisville-based fast-food giant had previously said the board would be led by non-executive chairman Fred Hu, chairman and founder of Primavera Capital Group, a China-based investment firm that’s agreed to buy a $464 million stake in the China business in advance of its planned spinoff next month (press release).

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