The lowdown on the Woolworths’ results, Warren Buffett puts in his two bob’s worth, growth in the UK, Japan’s travelling nicely and other business news of the day.
General electric
Business As Usual: How Woolies kicked a big goal … a veritable buffet of Buffett … warm inner glow in the UK
Small wind could become a big deal
GE has just pumped millions into a small company in Arizona that has created backyard wind turbines which allow households to generate their own clean, cheap energy. Could the future of energy be DIY?
Looming GE-Comcast deal may out-flank Murdoch
While he has been obsessing about the internet and free content, Rupert Murdoch may be about to be out-flanked by the looming deal between General Electric and Comcast over NBC.
How two corporations silenced a media fued
The on-air media feud between MSNBC’s Keith Olbermann and FOX’s Bill O’Reilly went on for years until a cease fire was called, but it wasn’t the two hosts who called a truce: it was a deal brokered between the stations’ parent companies, General Electric and News Corp.
US TV networks go begging as advertisers refuse to commit
America’s TV networks and movie studios are facing another tough period after the GE subsidiary, NBC Universal (NBCU) reported disappointing second quarter earnings on Friday.
GE makes a tidy sum from bailout loophole
The world’s largest industrial company, General Electric, has quietly become the biggest beneficiary of one of the US government’s bank rescues. The only hitch is, it’s not exactly a bank.
GE scores billions from bank bailout loophole
General Electric have become the biggest beneficiaries of the US government’s bank bailout scheme — despite not even being a bank.
Even General Electric can’t escape US doom and gloom
US industrial giant, General Electric, has shocked the markets by revealing a 12% drop in first quarter earnings and cut its forecast for 2008 so deeply that it expects little or no gain in profit this year, reports Glenn Dyer.
