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Stock Market & Financial Investment News

News Breaks
July 10, 2014
08:04 EDTALSMY, PHG, ABBBofA/Merrill European capital goods analysts hold an conference call
The European Capital Goods Analyst Research Team provide a 2Q preview on an Analyst/Industry conference call to be held on July 10 at 9 am.
News For ABB;ALSMY;PHG From The Last 14 Days
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March 2, 2015
09:43 EDTPHGPhilips to get bids for lighting business from KKR, Bain, Reuters reports
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February 26, 2015
11:03 EDTPHGSamsung ranks first in 2014 EU patent applications
The European Patent Office reports that Samsung (SSNLF) was ranked first in number of European patent applications for 2014 with 2,541 applications filed. Philips (PHG) took second place with 2,317, Siemens (SIEGY) took third with 2,133, BASF (BASFY) took sixth with 1,530, Qualcomm (QCOM) took seventh with 1,459, Ericsson (ERIC) took ninth with 1,347, and Intel (INTC) took 10th with 1,054 applications filed.
February 24, 2015
05:56 EDTPHGPhilips intends to separate Lighting business through IPO
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February 23, 2015
12:07 EDTALSMYEU opens probe in GE's proposed acquisition of Alstom's energy business
The European Commission has opened an in-depth investigation to assess whether General Electric's (GE) proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom (ALSMY) is in line with the EU Merger Regulation. The Commissionís preliminary investigation indicates potential competition concerns in the market for heavy-duty gas turbines which are mainly used in gas-fired power plants. The transaction would bring together the activities of GE, the world's largest manufacturer of heavy-duty gas turbines, with those of Alstom, eliminating one of the three main global competitors to GE in this market. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 8 July, to take a final decision. Reference Link
February 18, 2015
11:14 EDTALSMYGE, Alstom deal likely to face intense EU scrutiny, Reuters says
General Electric's (GE) deal for Alstom's (ALSMY) power equipment business is likely to face an intense EU antitrust investigation, says Reuters, citing people familiar with the matter. Reference Link

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