LONDON - Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
NBC Universal's Zucker dismisses sale rumors
NEW YORK |
NEW YORK (Reuters) - NBC Universal Chief Executive Jeff Zucker on Monday dismissed repeated rumors that the media company would be sold by parent General Electric (GE.N).
Speaking at an event in New York, Zucker said GE Chief Executive Jeff Immelt had been "very clear" about NBC Universal's role within the company.
"He has said numerous times that NBCU is not for sale," Zucker said. "It is not for sale after the Olympics."
The latest report to circulate about NBC Universal's status appeared earlier this month in the Financial Times, which wrote that the fate of the media company would be decided after the Beijing Olympics.
Zucker said some of the rumors about a sale had "quieted down" as NBC Universal's performance has improved.
"If we don't perform, GE should sell NBCU," Zucker said during a media event sponsored by Syracuse's S.I. Newhouse School of Public Communications. "Fact is, we've performed."
NBC Universal is majority owned by GE. Vivendi (VIV.PA) holds a 20 percent stake.
(Reporting by Paul Thomasch)
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