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GE, Vivendi agree to value NBCU stake at $5.8 billion

General Electric Co and Vivendi SA have agreed in principle to a deal in which GE would buy the French company's 20-percent stake in NBC Universal for $5.8 billion, a source familiar with the matter said on Monday, paving the way for Comcast Corp's proposed joint venture with GE.

Media business at crossroads as deals pick up

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The growing influence of the Web to distribute news, video and other content, combined with the lingering economic malaise, have left many media executives and investors uncertain about where to make their next bets.

GE chief Immelt in Paris for Vivendi talks-WSJ

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General Electric Co Chief Executive Officer Jeffrey Immelt was in Paris on Wednesday in an effort to speed up talks to buy Vivendi SA's stake in NBC Universal, the Wall Street Journal reported.
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Zucker to head new NBCU-Comcast venture: sources

Comcast Corp and General Electric Co have agreed to make NBC Universal CEO Jeff Zucker the head of their proposed joint venture, but the structure of a new board is still being negotiated, sources familiar with the matter said.
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Stocks jumps as G20 says cheap money to continue

U.S. stocks jumped on Monday, extending gains from the previous week, on renewed risk-taking sentiment after the Group of 20 pledged to keep economic stimulus in place until a recovery was assured.
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Stocks set for higher open after G20

Wall Street was set to open higher on Monday on renewed risk-taking sentiment after the Group of 20 pledged to maintain economic stimulus in place until a recovery was reassured.
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Stock futures rise after G20; M&A action in focus

U.S. stock index futures pointed to a 1 percent gain at the open on Monday as investors took comfort from a pledge by the Group of 20 to keep economic stimulus in place until a recovery was reassured.
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Stock futures point to gains after G20

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.9 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 0.8 percent at 5:10 a.m. EST.
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GE, Comcast agree on NBC Universal valuation: source

General Electric Co. and Comcast Corp have agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter said on Sunday.
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Daily Wrap Up - Nov 8

Dollar May Be Under Pressure; Investors Eye Retail Sales; NBC Universal's Valuation
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Time Warner Cable quarterly profit falls

Time Warner Cable Inc posted a third quarter profit that beat expectations, as growth in sales of voice and Internet services overshadowed a decline in basic video subscribers, the company said on Thursday.
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Comcast beats Street on phone, Internet service

Comcast Corp's quarterly profit rose a better-than-expected 22 percent, as it sold more phone and Internet subscriptions, helping to fight competition from phone and satellite companies.
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Comcast profit beats Street as users add services

Comcast Corp's quarterly profit rose 22 percent, beating expectations, as it sold more phone and Internet subscriptions, helping the top U.S. cable operator fight competition from phone and satellite companies for video subscribers.
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Comcast quarterly profit rises

Comcast Corp's quarterly profit rose 22 percent as customers signed up for additional phone and Internet services, helping the top U.S. cable operator fight competition from phone and satellite operators.
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Accused Seacrest stalker ordered to stay away

A Los Angeles man arrested with a knife at the workplace of American Idol host Ryan Seacrest pleaded not guilty to a stalking charge on Tuesday, and was ordered to stay away from Seacrest.

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