Recent News: China, Google TV Ads, Duke Energy Wind, US Navy Contract, GE Pipeline, Saudi Air Force, MSNBC Keith Olberman and Jeffery Immelt

New Look General Electric Aims to Double its China Business by the Decade’s End
General Electric Co. expects its business in China to double to $10 billion a year by 2010, as the U.S. industrial giant aims to overcome a sputtering U.S. economy by ramping up its emerging-markets focus...

NBC Universal in pact for Google to sell its TV ads
NBC Universal, a unit of General Electric Co, is teaming up with Google Inc on a multi-year partnership in which Google will act as a broker to sell TV advertising on some NBC cable channels. In a joint statement, the two companies said NBC Universal will offer advertising time from several of its cable networks for Google to sell advertising through its Google TV Ads service.

Google to broker ads for cable TV channels
Financial terms of the deal were not disclosed. Google said in a prepared statement that its TV Ads platform will begin selling inventory for channels including Oxygen, CNBC, Sci Fi, Sleuth and Chiller "in the coming months, with potential to expand onto other NBCU properties in the future."...

Duke Energy Buys GE Wind Turbines For Undisclosed Sum
Duke Energy Corp. (DUK), said it agreed to buy 100 wind turbines from General Electric Co. (GE) for an undisclosed sum. Duke, which has been investing in its wind-energy business, also announced a long-term agreement to sell 99 megawatts of electricity from its new Wyoming wind farm. Terms of the deal weren't disclosed....

General Electric gets $120.2M Navy deal
A division of General Electric Co. received a $120.2 million contract boost from the Naval Air Systems Command. The contract covers 30 engines for the F/A-18E/F aircraft, plus 24 devices kits and 19 various modules for the Royal Australian Air Force, the Pentagon said late Monday....

GE Oil & Gas' PII Pipeline Solutions Division Signs Pipeline Integrity Services Distribution Agreement In Colombia
GE Oil & Gas' PII Pipeline Solutions division has signed a pipeline integrity services distributor agreement with Tecnicontrol S.A., in Colombia, as part of GE's strategy to strengthen its pipeline integrity services in South America....

Saudi Air Force adds to GE Aviation engine order
The Royal Saudi Air Force has added 91 F110-GE-129C engines to a previous order for its military aircraft, GE Aviation said Tuesday. With the latest order, the Saudis plan to upgrade 41 twin-engine Boeing F-15S aircraft, according to a news release. They had previously ordered 65 F110 engines to upgrade 29 of the aircraft...

MSNBC Bags "Fighting Anchors" Strategy, Dumps Olbermann And Matthews
Keith Olbermann and Chris Matthews, MSNBC's on-air political duo covering this year's primaries, debates and conventions, have never had the best on-air rapport. But at the Democratic National Convention, the animosity had reached a boiling point (see video below), so MSNBC decided to replace their contentious duo with seasoned and seemingly even-tempered political reporter: David Gregory...

Did GE CEO Jeff Immelt Order Keith Olbermann Demotion?
Rumor has it that GE CEO Jeff Immelt personally ordered MSNBC to remove Keith Olbermann after a host of shareholder complaints—a charge NBC and Olbermann deny...