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Daily Wrap Up - Nov 30

Online Sales May Hit Record; GE-Comcast JV Closer to Reality; Recovery Encourages

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.

Flybe, oil companies planning London IPOs: report

British budget airline Flybe and five oil companies are planning initial public offerings in London next year which are expected to value them collectively at 1.5 billion pounds ($2.46 billion), the Sunday Times reported.

GE chief Immelt in Paris for Vivendi talks-WSJ

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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Vivendi eyes NBC Universal exit: CFO

Vivendi could exit from U.S. media group NBCU Universal as it has no intention to be part of the future joint venture being discussed by Comcast and General Electric, its chief financial officer said on Thursday.

Dell sees public-sector boost from Perot deal

Computer maker Dell said its Perot Systems acquisition will boost its IT services offering to the public sector, as some of its government customers face a freeze on spending due to the recession.

Hitachi to raise $4.6 billion, shares dive

Hitachi Ltd, Japan's biggest electronics firm by sales, will raise up to $4.6 billion to shore up its capital, joining a scrum of Japanese firms tapping equity markets before a possible economic slowdown.

GE and China's AVIC to form avionics joint venture

General Electric Co and Aviation Industry Corp, a Chinese state-owned aircraft maker, agreed on Sunday to form an avionics joint venture that will have China's booming commercial aircraft market as one of its main targets.

United Tech to buy GE security arm for $1.82 billion

Diversified U.S. manufacturer United Technologies Corp said it will buy General Electric's security business for $1.82 billion in a move to expand the presence of the world's top maker of elevators and air conditioners in a fast-growing North American sector.

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.

Tyco International profit falls less than expected

Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.

GE confirms bid for France's Areva business

General Electric Co confirmed on Monday it had submitted a binding offer for French state-owned nuclear group Areva SA's electricity transmission and distribution business.

Daily Outlook - Nov 9

Looking at Holiday Sales; Traders Go Higher on Aid Pledge; Advanta's Bankruptcy

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.

Comcast close to gaining control of NBC universal: report

Comcast Corp and General Electric Co are closer to a deal to give Comcast a 51 percent stake in NBC Universal and a formal announcement may be made in the coming week, the New York Times said, citing people briefed on the talks.

Big U.S. companies balk at healthcare public option

Some of the nation's largest companies pushed back against U.S. Democrats' plans to deliver a government-run insurance option in a healthcare overhaul, decrying it as a step backward that would drive up costs for employers and their workers.

Big U..S companies balk at healthcare public option

GE advanced gas turbine cuts fuel use, emissions

General Electric Co's Energy unit on Tuesday said its latest turbine design for natural gas-fired power plants will consume less fuel and emit less carbon dioxide than existing GE turbines.

Vivendi CEO says IPO an option for NBC Universal

NBC Universal could be floated on the stock market if France's Vivendi decides to sell its 20 percent stake in the group majority-owned by General Electric Vivendi's chief executive said.

Obama to give $3.4 billion in grants for smart grid

President Barack Obama on Tuesday will announce $3.4 billion in government grants to help build a smart electric grid that will save consumers money on their utility bills, reduce blackouts and carry power supplies generated by solar and wind energy, the White House said.