Cut and print! GE sells remaining NBC stake for $18.1 Billion

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Fairfield-based GE said Tuesday it agreed to sell its remaining 49 percent common equity interest in its joint venture with Comcast, which includes NBCUniversal and the NBCU floors in 30 Rockefeller Center, for $18.1 billion. Here’s the official release from GE on the terms and what it did. Under the terms of the transaction, GE […] [Read More]
Categories: GE, Wall Street
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Sikorsky in financial tussles with Canadians and U.S.

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Stratford-based Sikorsky Aircraft is facing up to $80 million in fines from the Canadian government, Reuters reported this week, if the helicopter maker can’t get the Canadians to accept delivery of the new Cyclone, search and rescue helicopter. UTC reported that Sikorsky had taken a $157 million charge related to delays in  this program in […] [Read More]
Categories: Defense, Sikorsky
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