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Stock Market & Financial Investment News

News Breaks
January 29, 2013
08:11 EDTAMSC, RWEOYAMSC to provide wire for fault current limiter in superconductor grid project
AMSC (AMSC) announced at DistribuTECH an order from Nexans, a worldwide expert in the cable industry, for high temperature superconductor wire to be used in a superconductor fault current limiter. The SFCL will act as a surge protector at "AmpaCity," a project being undertaken by Nexans, RWE Group (RWEOY) and the German research institute KIT.
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May 24, 2013
08:10 EDTAMSCChina's China's Supreme People's Court to hear AMSC's case against Sinovel
AMSC announced that China's Supreme People's Court has scheduled a hearing for May 29 to review the jurisdiction of AMSC's software copyright infringement cases against Sinovel Wind Group and Guotong Electric. During the proceedings, the court is expected to review the jurisdiction of AMSC's civil action filed against Sinovel in the Beijing No. 1 Intermediate People's Court as well as AMSC's civil action filed against Sinovel and Guotong Electric in the Hainan Province No. 1 Intermediate People's Court. These are two of the four legal cases that AMSC brought against Sinovel in late 2011 regarding Sinovel's contractual breaches and AMSC's discovery of intellectual property theft by Sinovel. AMSC is also engaged in a commercial arbitration case and a trade secrets case against Sinovel in China.
05:59 EDTRWEOYDutch want governments to control Urenco, Reuters reports
The Netherlands is willing to sell its 33% stake in nuclear fuel producer Urenco, but wants governments to retain a majority holding in the firm or keep control over key aspects of its business, the Dutch finance ministry says, reports Reuters. The U.K. also holds a 33% stake, with the remaining third held by German utilities E.ON (EONGY) and RWE (RWEOY). Reference Link

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