General Electric is expecting to see handsome double digit sales growth in China in this year and that too for a long period of time in spite of their revenues falling short of expectations as stated by chief executive Jeff Immelt.

After months on end of discussions and negotiations, Comcast and GE have finally announced the NBC Universal joint venture, with Comcast as the majority stake holder, which has valued NBC at about $30 Million. The deal will result in a TV and movie giant of a magnitude rarely seen before, but now the companies involved have to make it work, with so much at stake.