GE after the bell 6/7/06: NBC to license more shows on iTunes, biotechnology improvements

Posted Jun 8th 2006 7:06PM by Tobias Buckell
Filed under: After the Bell, Good news, Press Releases, Products and Services, Industry, Competitive Strategy, General Electric (GE)

GE closed at $34.55, up 15 cents. Not exactly a major push, but it's nice to see things moving up for GE when its been pumping out a slew of positive reports. Today's news includes a major step forward in biotechnology for GE Healthcare is now better able to automatically harvest cord blood, which allows stem cells to be harvested.

The interesting news for GE today came from the normally moribund NBC division which is going to release Jay Leno's Tonight Show on iTunes in addition to the other NBC shows recently added to the online store. I don't imagine this will turn into a major cash cow, but CSI is certainly a very popular show all around. Finding other ways to gain money for existing properties is smart, and it is encouraging that more shows are coming out this way.

Tags: biotechnology, cord blood, CordBlood, CSI, GE healthcare, GeHealthcare, NBC, NSIC, stem cells, StemCells, Survivor