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Stock Market & Financial Investment News

News Breaks
June 26, 2014
06:33 EDTALSMY, SIEGYMitsubishi aims for energy advancement after failed Alstom bid, Reuters says
Mitsubishi Heavy Industries CEO Shunichi Miyanaga said the company will maintain its focus of advancing its energy expansion after the equipment maker was rejected in its joint offer for Alstom's (ALSMY) power division with Siemens (SIEGY), according to Reuters, citing comments from Miyanaga. Reference Link
News For ALSMY;SIEGY From The Last 14 Days
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February 26, 2015
11:03 EDTSIEGYSamsung 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
09:15 EDTSIEGYSiemens to supply turbines for fuel efficient power plant in Michigan
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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
February 17, 2015
08:38 EDTSIEGYEU regulators expanding probe of Siemens, Dresser-Rand merger, Reuters says
European Commission antitrust regulators will expand their investigations into Siemens' (SIEGY) $7.6B bid for Dresser-Rand (DRC), reports Reuters, citing regulator statements. The Commission stated, "The transaction would reduce the number of competitors from three main players to two main players" in related markets. Siemens stated it still expects to close the deal in Summer 2015 or sooner. Reference Link

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