Why GE Appliances says it’s ready to bring 800 jobs back to the U.S.

News Snapshot:

GE Appliances executive Lee Lagomarcino said U.S. trade policy was the driving factor in the company's recent decision to accelerate a plan to move overseas jobs back to the U.S. "Any time we decide to move a factory or redesign a platform, it's an expensive endeavor, so we have to think through the strategy and trajectory of market," he told CBS MoneyWatch in discussing GE Appliances' move to expedite a shift in production of its washers and dryers from China to the U.S. in order to avoid having to pay stiffer tariffs. "This was the right time to strike on...