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GE opening bell for 4-25-06: Sexual harassment at NBC's Maury Povich show?

Posted Apr 25th 2006 9:08AM by Amey Stone (RSS feed)
Filed under: Before the Bell, Bad News, Law, Television, General Electric (GE)

General Electric was trading down in pre-market action this morning while the rest of the market was trading up. Of course, that could shift by the time the opening bell rings at 9:30 a.m. ET.

My guess is that higher oil prices are weighing on the stock.

However, there were allegations of sex scandal in a GE division reported last night. NBC talk show host Maury Povich and some of the show's producers are being sued for $100 million for sexual harassment. Spokespeople for the show and for NBC Universal denied the rather sordid allegations.

I doubt that's affecting GE's stock price, but it is more bad news for beleaguered NBC.

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