Tesla CEO Says GE's an Investor, but GE Says No

Yesterday, we noted an upcoming Car & Driver interview with Tesla Motors CEO Elon Musk in which he claims GE Capital is investing in the electric-car maker. Today, GE told us nuh-uh. More »

The Creepy Corporate Cult Behind Last Night's 30 Rock

Who's the newest Six Sigma expert? Tina Fey. The cultish quality process observed by her employer, NBC Universal, is a predictable source of profitable laughs for her show, 30 Rock and all too real. More »

Eric Schmidt and Jeff Immelt announce Google-GE partnership

Scheduled to take the stage at Google's latest Zeitgeist gathering are CEO Eric Schmidt and General Electric CEO Jeff Immelt. The plan is to announce a partnership which "is likely to focus on adding network intelligence to the electric grid and improving capacity," according to Portfolio. The idea is to improve electricity-infrastructure efficiency through more advanced networking technology, presumably resulting in better service and lower carbon-dioxide pollution by reducing demand through conservation and therefore burning less coal. Of course, for now it just means more lobbyists in the Capitol and possibly more money for research and development. What does Google want in all this, besides good environmental press? More »

Presenting the Googlephone

Forget HTC's Android-running Dream, expected out this October. General Electric has brought the Googlephone to life. GE's Digital Enhanced Cordless Telecommunications, or DECT, version 6.0, has a handy built-in Goog-411 button, to spare users the burden of dialing 1-800-GOOG-411. It's already on store shelves for $60.

Carnival Cruises and other reasons why Yahoo should sell now

Doddering General Electric and water-logged Carnival Cruises both outgrew Yahoo last year. GE did it despite selling "23 times as much stuff" as Yahoo last year, according to the Wall Street Journal's Dennis Berman. Despite this, Wall Street grants Yahoo a generous 37.43 price-to-earnings ratio. Berman thinks Yahoo's board should "strike as the iron is hot" and holds up the precipitous downfall of AOL — it's worth about half its 2005 $20 billion valuation — as an example of a path Yahoo should not follow. [WSJ]

NBC Universal CEO Jeff Zucker again denied rumors of a possible sale of the company by parent General Electric. Zucker noted that GE chief Jeff Immelt "has said numerous times that NBCU is not for sale." Sort of like NBC's new fall season on iTunes. [Reuters]

Google worth $750 billion? And we thought Facebook was overpriced

Could Google hit $2,000 a share? Henry Blodget thinks so, but I'm not so sure. That would value GOOG at $750 billion — roughly the same as Microsoft ($279 billion), General Electric ($431 billion), and News Corp. ($70 billion) added together. And that's assuming that none of those companies grow at all — a highly unlikely proposition. Could Google be the first company worth a trillion dollars? Maybe, but I'm not placing any bets in the "first-to-a-trillion" Valleywag office pool. Remember how well predictions of a trillion-dollar market cap worked out for AOL Time Warner? (Photo by AP/Paul Sakuma)