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Stock Market & Financial Investment News

News Breaks
February 12, 2013
16:52 EDTCMCSA, GEGeneral Electric sells 49% stake in NBCU joint venture to Comcast for $16.7B
GE (GE) announced the sale of its remaining 49% common equity interest in its joint venture with Comcast (CMCSA), which includes NBCUniversal, as well as the NBCU floors in 30 Rockefeller Center, for $18.1B. Under the terms of the transaction, GE will sell its remaining 49% common equity stake in the NBCU joint venture to Comcast for $16.7B. GE will receive $12B in cash, $4B in Comcast guaranteed debt, and $700M of preferred stock. Additionally, GE Capital will sell the NBCU occupied floors in 30 Rockefeller Center, and property in Englewood Cliffs, New Jersey, to NBCU affiliates for $1.4B in cash. The transaction has been approved by the boards of directors of GE and Comcast and remains subject to customary closing conditions, which are expected to be satisfied before the end of Q1.
News For GE;CMCSA From The Last 14 Days
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August 25, 2015
07:07 EDTCMCSAComcast 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'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 EDTCMCSAFly 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 EDTCMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
10:20 EDTCMCSABig 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 EDTCMCSAComcast 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 EDTCMCSAOn 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 EDTCMCSABuzzFeed says NBCUniversal to make $200M equity investment in company
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August 17, 2015
20:09 EDTCMCSACable companies test virtual reality offerings, Variety says
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19:54 EDTCMCSAComcast 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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August 16, 2015
16:59 EDTCMCSA'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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