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Stock Market & Financial Investment News

News Breaks
June 16, 2014
06:50 EDTHTHIY, ALSMY, SI, GESiemens readies Alstom bid to obtain turbines, Bloomberg says
Siemens (SI) is readying its bid for Alstom (ALSMY) energy division that would leave it with the French firm's gas turbines while allowing partners Mitsubishi Heavy Industries and Hitachi to broaden their steam turbines and hydro units, according to Bloomberg, citing people familiar with the matter. An offer by Siemens, Mitsubishi and Hitachi (HTHIY) could add pressure on GE (GE) to sweeten its existing $17B bid for Alstomís energy business. Reference Link
News For SI;HTHIY;GE;ALSMY From The Last 14 Days
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February 25, 2015
05:22 EDTGEGE Healthcare selected as strategic partner by Kenyan Ministry of Health
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February 24, 2015
18:02 EDTGEGeneral Electric director purchases $20M of company stock
According to regulatory filings, GE director William G. Beattie purchased 800,000 shares of GE for $20,096,000 on February 18 and 19.
05:43 EDTHTHIYHitachi confirms acquisition of Finmeccanica's railway assets for EUR 773M
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February 23, 2015
19:37 EDTHTHIYHitachi near to 250B Yen deal for Finmeccanica rail unit, Bloomberg reports
12:07 EDTALSMY, GEEU 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 20, 2015
08:26 EDTGEArc Logistics to acquire all membership interests Joliet Bulk for $216M
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February 18, 2015
11:14 EDTGE, ALSMYGE, 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
07:07 EDTGEBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.

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