Newspaper article THE JOURNAL RECORD

GE Again Tries to Sell NBC

Newspaper article THE JOURNAL RECORD

GE Again Tries to Sell NBC

Article excerpt

NEW YORK _ Fresh from a deal to sell the troubled Kidder Peabody brokerage, General Electric Co. is trying again to shed its NBC broadcast unit to refocus on core businesses, according to a source close to the effort. GE, which agreed to sell Kidder, Peabody Co. to PaineWebber Group Inc. on Sunday, has since held informal meetings with potential buyers of all or part of NBC, the source said Thursday. The meetings are a prelude to renewing serious negotiations next week with finalists, including talks with Walt Disney Co. that stalled in late September. Cellular Companies to Try National Venture

WASHINGTON _ Four large cellular companies said Thursday they will fuse resources to provide wireless communications services on a national scale and bid on expensive licenses. The partnership involves regional phone companies Bell Atlantic Corp., Nynex and US West, and cellular company Airtouch. The companies will work together to market and sell existing cellular and new wireless services nationally. Honda Unveils Minivan

TOKYO _ Honda unveiled its long-awaited Odyssey minivan Thursday, hoping to grab a share of the growing minivan market in Japan and the United States by promising customers car-like handling and safety. The Odyssey, which will go on sale in Japan on Friday and in the United States in January, represents a break with tradition for Honda, which has missed out on the hottest segments in the industry by building only passenger cars. "People are changing in the way they use cars," Honda President Nobuhiko Kawamoto acknowledged at the Odyssey's launching at a Tokyo hotel. "Until now we've done our business with two- or three-door cars, but now we're beginning to tackle cars that families can use."

The standard S-type Odyssey, seating six or seven people $21,050 without options. The higher-end L-type, with various extras such as nicer upholstery, goes for $25,150. Honda's sales pitch focuses on Odyssey's design, which isn't based on a truck but on the Honda Accord passenger car. With the engine in the front of the vehicle instead of underneath, the Odyssey has a smoother, car-like ride, said Honda designer Kozo Kikuchi. The sleek exterior has something of the air of a station wagon, though the interior, with a center aisle and graded seats, is van-like. Another feature is the variety of seating arrangements. The back two rows can be laid out into a bed _ long enough for the kids at least _ while the back row can be flipped over so that the seats face toward the rear. Money Supply Measures Mixed

NEW YORK _ The two broadest measures of the nation's money supply were mixed in the week ended Oct. 10, the Federal Reserve Board reported Thursday. The Fed said the measure known as M2 fell to a seasonally adjusted $3,590. …

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