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Talks between Turner Broadcasting System and General Electric regarding a possible merger have ended because the two sides couldn't agree on who would control the proposed company, according to executives at both companies. The talks ended after top-level meetings on Friday in Atlanta, where Turner is headquartered. The meetings involved GE chairman Jack Welch, NBC President Robert Wright and Ted Turner, chairman of TBS.
October 22, 2011
SATURDAY Good Morning America (N) 7 a.m. KABC McLaughlin Group (N) 6:30 p.m. KCET The Chris Matthews Show Mitt Romney's popularity; Obama's 2012 campaign tactics: Chuck Todd, NBC; Kelly O'Donnell, NBC; David Ignatuis; Gloria Borger, CNN. (N) 5:30 a.m. KNBC SUNDAY Today (N) 6 a.m. KNBC Good Morning America (N) 6 a.m. KABC State of the Union With Candy Crowley Death of Libyan leader Moammar Kadafi; 2012 campaign; the economy: Vice President Joe Biden.
October 11, 2012 | By Don Lee
WASHINGTON -- The number of people filing new jobless claims plunged last week to a 4 1/2-year low. Analysts said the report Thursday probably overstates what appears to be a moderately improving job market. And coming just days after officials reported that the unemployment rate fell in September to a post-recession low, some critics of Obama administration policies may again see political interference in the new data. Thursday's report showed that there were 339,000 initial claims for unemployment benefits in the week ended last Saturday.
October 3, 2001 | Bloomberg News
General Electric Co. and Honeywell International Inc. formally terminated their merger agreement three months after the European Union blocked the $47-billion transaction. General Electric will reimburse Honeywell for some merger-related expenses and agreed to buy two businesses with sales of $35 million a year. Terms weren't disclosed. Honeywell would have had to pay a $1.35-billion breakup fee to void the agreement before Nov. 30.
December 6, 2000 | Reuters
General Electric Co. named David Calhoun chief executive and president of its GE Aircraft Engines unit to replace James McNerney, who was named chief executive and chairman of Minnesota Mining & Manufacturing Co. McNerney agreed to take the helm at 3M, the diversified maker of consumer, industrial, and life-sciences products, after he was passed over to succeed Jack Welch as chairman and chief executive of GE. He will join 3M on Jan. 1.
December 17, 1994 | JANE HALL and KATHRYN HARRIS
A possible partnership between Turner Broadcasting and General Electric was discussed Friday at a regularly scheduled GE board meeting, but no deal was on the table and the GE board took no action, sources said. Turner Broadcasting Chairman Ted Turner, GE Chairman John F. (Jack) Welch Jr. and NBC President Robert C. Wright have been in exploratory talks regarding a possible merger or other partnership between the two companies.
October 21, 2003 | From Bloomberg News
Dan K. Webb, a former federal prosecutor who has defended Microsoft Corp. and General Electric Co., has been hired to lead a probe of the New York Stock Exchange's pay and governance, people familiar with the matter said. Interim NYSE Chairman John S. Reed brought in Webb after demands from exchange members and state treasurers for an audit of NYSE operations under former Chairman Richard Grasso.
May 11, 2001 | From Bloomberg News
General Electric on Thursday named Gary Rogers vice chairman, to oversee the company's more economically sensitive businesses as Chairman-elect and President Jeff Immelt builds his management team. Rogers, 56, was chief executive of the company's plastics unit. GE, the biggest company by market value, said it will split that business in two--plastics and specialty materials--before the planned integration of Honeywell International Inc. and its chemical operations.
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