If you take out the effects of sold businesses and the effect lower interest rates had on revenue, the actual number is more like a 6 percent increase.

In recent years it has lost considerable amounts of money. The losses have been considerable, but they have not compromised GE's ability to report earnings growth of 17 percent annually at GE Capital. I think it would be fair to say that GE has been trying to fix Montgomery Ward.

It is a relatively fragmented marketplace. They seem convinced that the two lines are sufficiently differentiated that they don't constitute antitrust problems.