With General Electric’s stock hitting four-year lows, the calls urging the company to sell off units including NBC Universal are becoming a chorus, the New York Times reports. GE announced lower-than-expected earnings last week and selling NBC Universal would generate billions of dollars and allow the company to focus on booming locomotive, jet engine and power turbine businesses, the newspaper says. GE CEO Jeffrey Immelt is also being criticized on TV by his predecessor Jack Welch, the Wall Street Journal says.
Pressure on GE to Sell NBCU Grows
Apr 17, 2008 • Post A Comment