And in the real world... General Electric, ITV, Marks & Spencer, Asda and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

Comcast is in talks with General Electric to create a new venture that would combine NBC Universal and the content assets of the top US cable operator.
Source: Financial Times

Companies are facing rises of up to 25 per cent in business rates after a revaluation of commercial properties rewarded small businesses at the expense of large retailers. Supermarkets are likely to face an average 12 per cent rise in business rate bills, the British Retail Consortium said.
Source: The Times

Marks & Spencer is suspending its controversial new 35-day limit on returning unwanted items in the run-up to Christmas.
Source: Daily Mail

ITV shareholders showed signs of lining up behind Sir Michael Bishop as their preferred candidate to chair the commercial broadcaster, in a move that could put them at odds with the company's board.
Source: The Times

Britain lags well behind other countries in the quality of its broadband, according to a wide-ranging survey carried out by Oxford University's Said Business School and the University of Oviedo's Department of Applied Economics, and sponsored by the networking company Cisco.
Source: The Guardian

The London Stock Exchange on Thursday said it was in exclusive talks with bank shareholders of Turquoise to buy the share trading platform, launched only a year ago to compete against the 208-year exchange.
Source: Financial Times

Andy Bond, the chief executive of Asda and previously seen by many as the frontrunner to succeed Sir Stuart Rose, has publicly ruled himself out of the race to become the chief of Marks & Spencer.
Source: Financial Times