Taking matters for the proposed joint venture for NBC Universal a step further, General Electric and Comcast have reportedly agreed upon the board structure that the firm would have. Although not much detail have been shared on the same, there is a good chance that, owing to more stakes in the venture, Comcast would hold majority of the board seats.

Moving one step closer to a deal which, once closed, would give Comcast a 51% stake in NBC Universal, which is currently owned in majority by General Electric, GE and Comcast on Sunday agreed to value the NBC division at around $30 Billion.

General Electric Co.'s financial arm reported a fall of 87 per cent in profits, which dragged group’s overall earnings in the third quarter down by 44 per cent $4.4 billion. Group’s profit plunged to $2.4 billion during the third quarter of the year as compared with $4.3 billion a year earlier.

According to the Securities and Exchange Commission (SEC) complaint filed in federal court in Connecticut, the General Electric (GE) conglomerate used improper accounting methods to meet or beat its earnings expectations, thereby deliberately defrauding investors.

As a part of its extensive marketing and business endeavor, pertaining to its $17 billion-per-year health equipment and technology business, General Electric Co. (GE) has worked out a strategy for providing new solutions to health care - by the way of its recently-launched initiative called "Healthymagination."

According to The New York Times' report, the data-storage technology in the early developmental stages at the General Electric Co.'s research division would enable the storage of 100 regular DVDs - or 500 GB data - on a single disc.

Intel Corp. and General Electric Co. have come together to form an alliance for developing and marketing home-based health technologies, designed to help seniors live independently and those with chronic conditions to manage their care from their own homes.

GE Chief Executive Officer Jeffery Immelt has stated a waiver in bonus and incentives amounting to $11.7 million as a measure to overcome the economic meltdown. The company has been facing credit and share crisis since the global economic slump.

As General Electric Co begins shrinking its struggling GE Capital finance arm next year, due to the ongoing credit crisis, the company said on Tuesday that it expected its fourth-quarter profit to be at the low end of its previous guidance. It also warned that charges for restructuring and other items were likely to top $1.4 billion after taxes.