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June 26, 2014
07:38 EDTGE, ALSMY, SIEGYFrance in awkward spot after GE beat Siemens for Alstom, WSJ says
France had ambitions of building new alliances with economic powerhouse Germany by bringing together Alstom (ALSMY) and Siemens (SIEGY), but now that General Electric (GE) has struck a deal with the French engineering conglomerate and the state will become its largest shareholder, France's government finds itself in the awkward position of becoming a direct competitor to the German firm, said The Wall Street Journal. Reference Link
News For GE;ALSMY;SIEGY From The Last 14 Days
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October 30, 2014
17:16 EDTGEFlorida East Coast Railway acquires 24 new General Electric locomotives
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14:01 EDTSIEGYSiemens signs long term service and maintenance agreement with MidAmerican
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06:31 EDTGEGE in talks to sell stakes in South Korean finance JVs, WSJ reports
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06:29 EDTGE, SIEGYDHS says spies targeted control systems made by Siemens, GE, WSJ reports
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October 29, 2014
13:52 EDTSIEGYSiemens may pick buyer for hearing aid unit next week, WSJ reports
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October 27, 2014
07:38 EDTGECyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:30 EDTGE, SIEGYInternational Economic Forum of the Americas to hold a forum
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06:22 EDTSIEGYSiemens consortium updates claimed amount in ICC arbitration
Teollisuuden Voima Oyj procured Olkiluoto 3 as a fixed-price turnkey project from the plant supplier AREVA-Siemens consortium. Both parties to the dispute have updated their estimates of costs and losses caused by the delay to the OL3 nuclear power plant project as part of their recent submissions in the International Chamber of Commerce arbitration proceedings. The updated quantification which the plant supplier submitted on October 23 brings the total amount claimed by the supplier for events occurring during the construction period ending June 2011 to approximately EUR 3.5B. Among other things, this sum includes over EUR 1.3B in respect of penalty interest and payments allegedly delayed by TVO under the plant contract, as well as approximately EUR 150M of alleged lost profit. TVO has previously considered the claims upon which the amounts demanded are based, and found them to be without merit. TVO will scrutinize the new material which has been submitted, and respond to it in due course. The arbitration proceedings may continue for several years, and the amounts claimed may be updated again. TVO has not recorded any receivables or provisions on the basis of the claims presented in the arbitration proceedings. Reference Link
October 24, 2014
06:38 EDTGEEU sets emissions, renewable energy targets, NY Times says
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October 22, 2014
08:39 EDTGE, SIEGYSiemens sees catching up with rivals on sales growth in 2018, Reuters reports
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October 21, 2014
10:30 EDTSIEGYSiemens discussing sale of hearing-aid unit for over $2.6B, Bloomberg says
Siemens, which had planned to sell shares in its hearing-aids division on the stock market, is now in advanced talks to sell the unit for more $2.6B, with private-equity firm EQT Partners seen as the frontrunner but other firms and companies also showing interest, according to Bloomberg, citing people familiar with the matter. Reference Link
10:03 EDTSIEGYSiemens discussing sale of hearing-aid unit for near $2.6B, Bloomberg says
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October 20, 2014
14:02 EDTGEGeneral Electric wins avionics, power systems for Gulfstream's G500/G600
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08:10 EDTGEGE Capital unit provides $45M credit facility to Bennett Hospitality
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08:09 EDTGEGE Capital is administrative agent on $50M financing for Bird Electric
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07:28 EDTGEGeneral Electric recent weakness a buying opportunity, says Argus
Argus said General Electric's price weakness offers a buying opportunity given strong new order trends, growing backlog of booked business, and reduced exposure to the financial services industry. Shares are Buy rated with a $31 price target.
05:38 EDTGEAres Management, GE Capital announce EUR 1B in commitments through ESSLP JV
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