Jack Welch

Earlier today, Fortune reported that advertisers are generally taking a wait-and-see approach with the Fox Business Network (FBN), which launched this morning. But at least one local business is showing no hesitation in snapping up ad time.

Namely, FBN’s blood rival CNBC.

Throughout the morning and continuing into the afternoon, FBN viewers on Time Warner Cable in New York have seen recurring ads for CNBC.

"If you’re stagnant, you’re dead,' says former General Electric CEO Jack Welch in one of the spots. "I love American Business. I watch CNBC."

Some of the ads even give FBN viewers explicit instructions on how to join Mr. Welch in finding CNBC: "Turn now to Channel 15."

 

In this weekend's Big Deal column, William Neuman reports that hedge fund manager Joseph M. Jabobs recently purchased a condo at 1 Central Park West for $13.6 million. But he does not mention the seller: General Electric.

The 46th Floor spread was a floor below the previous home of former G.E. chief Jack Welch (who has since fled to the celebrity-filled One Beacon Court).

After divorcing his wife, Jane Beasley, Mr. Welch was forced to purchase the apartment from the corporation for $10.7 million, as The Observer reported in 2003.

Now, it looks like G.E. is getting out of the tony building completely. And with a nice profit, too.

- Michael Calderone

For $30.5 million, one wealthy buyer can look down on the endless list of celebrities who have already purchased condos at One Beacon Court. The 8,000-square-foot, full-floor spread on the 55th Floor is now on the market.

Currently the ritzy building's most expensive apartment was sold to record mogul Alan Meltzer for $27 million. The growing list of the notable names includes Beyonce, Brian Williams, former G.E chief executive Jack Welch, and recently, current G.E. chief Jeffrey Immelt.  read more »

-Michael Calderone

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