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EU approves Comcast buy of NBC Universal

U.S. cable provider Comcast won EU regulatory clearance on Wednesday for a landmark deal to buy a controlling stake in General Electric's NBC Universal.

EU approves Comcast buy of NBC Universal

U.S. cable provider Comcast won EU regulatory clearance on Wednesday for a landmark deal to buy a controlling stake in General Electric's NBC Universal.

Asian stocks powered by Intel

Asian stocks rose to a three-week high on Wednesday, led by gains in tech shares after Intel's results beat market expectations, while the euro held firm near two-month peaks against a softer U.S. dollar.

Industrial results could give Wall Street new worry

Investor worries that the year-old economic recovery is getting shaky have driven down U.S. manufacturer shares over the past two months.

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Lake Erie Wind Farm to be First Freshwater Offshore Project in U.S.

The first step in an ambitious project to generate 1,000 megawatts of electricity from offshore wind turbines in Lake Erie was taken this week with an order to General Electric for five massive turbines. The Lake Erie Energy Development Corp., a Cleveland-based nonprofit, said the direct-drive turbines will provide 4 MW each of electricity and would be operational by the end of 2012, generating enough electricity to power 6,000 homes.

IBM to buy AT&T's Sterling Commerce for $1.4 billion

IBM plans to buy Sterling Commerce from AT&T Inc for about $1.4 billion in cash to expand its portfolio of software for companies in financial services, manufacturing and retail.

GE CEO expects word on dividend rise this year

General Electric Co expects to tell shareholders by the end of this year it is ready to raise its dividend as well as resume share buybacks, and return to profit growth in 2010, its CEO said.

GE sees upside to 2010 view

General Electric Co sees upside to its 2010 financial framework, which calls for profit to be roughly flat with last year, and expects to resume opportunistic share buybacks by the end of this year.

GE Capital plans another benchmark Islamic bond: executive

GE Capital, a unit of General Electric Co. , plans to issue its second Islamic bond in late 2010 or in 2011, a senior executive said on Sunday.

Washington Post puts Newsweek on the block

Washington Post Co said on Wednesday it is exploring a possible sale of its magazine Newsweek after sustaining losses for two years.

GE CEO says growth and dividend hike ahead

General Electric Co is returning to good, solid earnings growth and plans to raise its dividend at least by 2011, chief executive Jeff Immelt told investors on Wednesday.

Philips Q1 beats expectations, shares at 23-mnth high

Dutch Philips Electronics on Monday reported first-quarter operating profit above the most optimistic forecast, driven by its lighting unit and cost cuts, sending shares to a 23-month high.

Philips beats expectations

Dutch Philips Electronics warned markets were still uncertain despite reporting first-quarter operating profit above the most optimistic expectations fueled by its Lighting unit and cost cuts.

GE profit tops Street view, but sales, orders lag

General Electric Co posted a profit that beat Wall Street's view, but its shares fell 4 percent after weak revenue and declining orders made investors worry about the strength of its turnaround.

GE profit beats Street view

General Electric Co reported a sharply higher profit than Wall Street had expected and sees potential for upside to its earlier forecast of flat 2010 results.

Wall Street set for lower open after earnings

Wall Street was poised for a lower on Friday after earnings from Google failed to meet heightened expectations as GE and Bank of America reported quarterly results.

Global shares off 16-month highs; Greece weighs

Global shares edged off 16-month highs on Friday as an unexpected jump in U.S. jobless claims and persistent uncertainty over a solution to Greece's debt crisis tempered optimism over the global economic recovery.

Stock futures signal losses; eyes on GE, BofA

Stock index futures pointed to a lower open on Wall Street on Friday, with equities poised to reverse recent strong gains after Google's results, and ahead of General Electric and Bank of America earnings.

Asia stocks back off highs as risk appetite wanes

by Vikram S SubhedarAsian stocks retreated from 22-month highs, and higher-yielding currencies fell, as investors booked profits after risky assets ran up in recent sessions on the back of good economic data.

GE sees profit, dividend up in 2011, shares climb

After two rocky years and a severe global financial crisis, General Electric Co expects its profit and dividend to rise in 2011, the largest U.S. conglomerate's chief financial officer said.

GE's Immelt declines bonus, total pay nudges up

General Electric Co Chairman and Chief Executive Jeffrey Immelt declined a bonus for a second consecutive year, but his total compensation rose slightly from 2008, largely reflecting a change in pension values.

Business Books: Chasing Madoff, for justice and dollars

Harry Markopolos' book No One Would Listen is full of details about his dispiriting efforts to alert the authorities to Bernard Madoff's $65 billion fraud.

Dell sees little limitation in M&A strategy

Dell, the world's No. 3 PC seller, is looking for acquisitions to bolster its consumer, small and medium business that accounts for almost half of the company's total sales.

GE to sell $3.3 billion stake in Garanti: GE sources

General Electric Co will sell its $3.3 billion stake in Turkey's Garanti Bank, GE Money sources said on Thursday, a move which could offer a rare chance to buy into Turkey's resilient bank sector.

Honeywell sees sales of up to $45 billion in 5 years

Diversified manufacturer Honeywell International Inc believes its revenue could grow to a range of $41 billion to $45 billion over five years, as the world economy climbs out of a severe recession.

Thermo Fisher in $6 billion bid for Millipore: source

Laboratory equipment maker Thermo Fisher Scientific Inc has offered $6 billion to buy Millipore Corp, according to a person familiar with the situation, in a deal that would increase its presence in the manufacture of biotech drugs.