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Stock Market & Financial Investment News

News Breaks
November 18, 2009
06:27 EDTCMCSK, CMCSA, GEVivendi seeks higher price, deal protection for its NBCU stake, WSJ says
As Vivendi seeks to exit its minority stake in NBC Universal, the company is still working out terms with its partner General Electric (GE), asking for a higer price and deal protections, the Wall Street Journal reports. The Vivendi-GE talks are the last major hurdle in a deal GE has been negotiating with Comcast Corp. (CMCSA, CMCSK). One issue in the GE-Vivendi talks is how Vivendi would be paid. Vivendi has asked for GE to buy out at least part of its 20% stake before a Comcast deal would likely close, according to people familiar with the matter. It is unclear how far apart the two sides are on price. In June, Vivendi valued its 20% stake in NBC Universal at $6.3B at current exchange rates, according to a securities filing. As part of its talks with Comcast, GE has put a value in the neighborhood of $30B on NBC Universal, imply a roughly $6B value for Vivendi's 20% stake. Reference Link
News For GE;CMCSA;CMCSK From The Last 14 Days
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August 25, 2015
08:33 EDTCMCSA, CMCSKComcast expands advanced fiber network to Meyers Business Park
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07:07 EDTCMCSA, CMCSKComcast to increase speeds for Xfinity Twin Cities area customers
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06:28 EDTGEGE eyes compensation for Polish forex loan conversion, Reuters says
General Electric is eyeing compensation for losses incurred by its Polish unit Bank BPH due to the planned conversion of Swiss-franc denominated mortgages into zlotys, Reuters reports, citing a letter sent from GE Capital CEO Keith Sherin to Polish authorities. According to the letter, GE saw further possible damage to BPH, following a 10% decline in BPH shares on the day the bill on the conversion was preemptively passed by the lower house of parliament. Reference Link
August 24, 2015
19:30 EDTGEGeneral Electric to eliminate Lufkin oil 262 jobs in TX, Reuters says
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August 23, 2015
16:22 EDTCMCSA, CMCSK'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
17:02 EDTGEGeneral Electric completes sale of U.S. Sponsor Finance Business to CPPIB
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13:11 EDTCMCSA, CMCSKFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
08:01 EDTGEGE to provide CESP with 30MW battery energy storage system
GE announced it will provide Coachella Energy Storage Partners with a 30-MW battery energy storage system as part of CESP's supply contract with the Imperial Irrigation District. Representing GE's largest energy storage project to date, the plant will be located in California's Imperial Valley, approximately 100 miles east of San Diego. The facility will aid grid flexibility and increase reliability on the IID network by providing solar ramping, frequency regulation, power balancing and black start capability for an adjacent gas turbine. GE will provide CESP with an integrated energy storage solution, configured using GE's Mark* VI plant controls, GE Brilliance MW inverters, GE Prolec transformers, medium-voltage switchgear and advanced lithium ion batteries housed in a GE purpose-built enclosure. The plant will be operated by ZGlobal, an engineering collaborator with CESP, for the first 18 months, after which control will transfer to the IID. The deal marks GE's third project using lithium ion battery technology since expanding its portfolio in recent months. GE anticipates project construction will begin early next year, with commercial operation scheduled for the third quarter of 2016.
06:10 EDTCMCSK, CMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
10:20 EDTCMCSA, CMCSKBig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCMCSAOn The Fly: Analyst Upgrade Summary
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09:13 EDTCMCSA, CMCSKComcast upgraded to Buy from Neutral at MoffettNathanson
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08:05 EDTGEGE Capital unit selected by Bush Hog for financing solutions
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August 18, 2015
16:49 EDTCMCSA, CMCSKOn The Fly: Top stock stories for Tuesday
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10:17 EDTCMCSADisney downgraded as Wells moves away from content providers
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09:32 EDTGEGE unveils $100M-plus washer investment in Louisville plant
GE announced an investment of $100M-plus in a new top load washer design and expanded manufacturing capability at its laundry plant in Louisville. This marks the largest laundry launch for GE in 20 years and is another example of the company's continued commitment to U.S. manufacturing.
08:04 EDTCMCSA, CMCSKBuzzFeed says NBCUniversal to make $200M equity investment in company
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August 17, 2015
20:09 EDTCMCSK, CMCSACable companies test virtual reality offerings, Variety says
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19:54 EDTCMCSK, CMCSAComcast online video platform to give creators 70% share of ad revenue, WSJ says
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08:02 EDTGEGE Healthcare wins FDA approval for low dose CT lung cancer screening
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