Lessons: Maytag's Blues | TIME
In Newton, Iowa, Maytags home since 1893, news that the troubled appliance maker would be sold has stirred up a host of emotions. Its a fear of the unknown, and theres plenty of unknowns around here these days, says resident Jim McCleary. Maytag is weighing bids from Whirlpool and a private-equity firm, Ripplewood Holdings. Meanwhile,