Comcast in talks to acquire NBC Universal!
Market sources say that Comcast is in talks with GE to acquire their NBC Universal unit.
NBC Universal is made up of several properties including: NBC broadcast network, Universal movie studio, and a couple of television channels.
Comcast has denied these market reports. Sources however claim that the [...]

GE Capital cutting jobs to save $2 billion this year
General Electric has revealed that its GE Capital unit is in the process of cutting jobs to save around USD 2 billion a year.
The company however did not reveal the magnitude of this job cut.
Market rumors claim that the company is cutting as many [...]

GE Capital to reorganize to cut costs

US based GE has announced that they would launch a reorganizing process at their GE Capital division.
The aim is to cut costs and save $2 billion next year.
GE said that the newly structured company would be ready by the start of next year.
The economic slowdown is hurting everyone apparently [...]