New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:29 EDTALSMY, SIEGY, GESiemens, Mitsubishi raise cash portion of Alstom offer to EUR 8.2B
Mitsubishi Heavy Industries and Siemens (SIEGY) submitted an offer letter specifying further the proposed transaction to Alstom (ALSMY). The companies stated, "After extensive discussions with all stakeholders over the past days MHI and Siemens reviewed their proposal with regards to reducing complexity, strengthening execution and narrowing risk exposure. Based on this, MHI and Siemens decided to further simplify the structure of the proposal for the benefit of all parties involved." The company raised the cash contribution of EUR 1.2B to EUR 8.2B, while the total valuation of Alstoms energy business increases by Euro 400M to Euro 14.6B. The new proposal follows General Electric's (GE) revised bid for Alstom's businesses. Reference Link
News For SIEGY;ALSMY;GE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
February 9, 2016
11:05 EDTSIEGYSiemens near deal to combine wind business with Gamesa, Bloomberg reports
Siemens is close to a deal to combine its wind business with Gamesa Corporation Tecnologica, reports Bloomberg. According to people familiar with the negotiations, a deal could be announced as soon as Tuesday. The plans are not final although the negotiations are advanced. Siemens would hope a majority stake in the combined entity. Reference Link
09:22 EDTGEWells Fargo says to benefit from GE Capital loan acquisitions in 2016
Subscribe for More Information
07:24 EDTGEGE still in discussions with suitors over BPH sale, Reuters reports
GE Money (GE) is still in discussions with several bidders over the sale of its Polish unit Bank BPH, Reuters reports, citing comments from BPH CEO Richard Gaskin to reporters. "The process is still going on. There are several bidders," Gaskin said. UniCredit's (UNCFF) Polish unit Bank Pekao may acquire BPH without Swiss franc-denominated loans which GE plans to split off, the report says. Reference Link
07:16 EDTGEUniCredit's Pekao may purchase smaller rival BPH, Reuters reports
Subscribe for More Information
February 8, 2016
06:12 EDTGEDiamond Offshore, GE Oil & Gas enter first-of-its-kind CSA
Diamond Offshore Drilling (DO) and GE Oil & Gas (GE) announced the offshore drilling industry's first-of-its-kind contractual service agreement, or CSA, that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour model, Diamond Offshore will compensate GE Oil & Gas only when the BOP is available. This 10-year collaborative arrangement for GE's engageDrilling Services showcases a new way of thinking to drive continuous improvement in deepwater drilling. The arrangement will include GE purchasing the BOP systems aboard Diamond Offshore's four drillships, currently located in the U.S. Gulf of Mexico, for a total of $210M.
February 7, 2016
19:30 EDTSIEGYSiemens to cut, transfer over 1,000 jobs at energy-exposed unit, Reuters says
Siemens is cutting or transferring over 1,000 jobs at its Process Industries and Drives division in Germany, with the energy-exposed unit impacted by reduced capital spending in the oil sector, reports Reuters, citing regional publication Handelsblatt. Reference Link
February 5, 2016
06:00 EDTGEState Street close to deal to buy GE asset management unit, Reuters reports
Subscribe for More Information
February 2, 2016
11:32 EDTSIEGYCalifornia ISO extends technology partnership with Siemens
Subscribe for More Information
10:01 EDTGEGE Appliances agrees to four-year contract extension with Taylor Morrison
Subscribe for More Information
February 1, 2016
10:00 EDTSIEGYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air Products (APD) upgraded to Buy from Neutral at UBS... American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen... Axiall (AXLL) upgraded to Overweight from Neutral at JPMorgan... BASF (BASFY) upgraded to Buy from Hold at Societe Generale... CNH Industrial (CNHI) upgraded to Neutral from Underperform at BofA/Merrill... CU Bancorp (CUNB) upgraded to Outperform from Market Perform at Fig Partners... CaixaBank (CAIXY) upgraded to Hold from Sell at Societe Generale... Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill... Concho Resources (CXO) upgraded to Buy from Neutral at SunTrust... Continental Building (CBPX) upgraded to Buy from Hold at BB&T... Eastman Chemical (EMN) upgraded to Buy from Outperform at CLSA... Extreme Networks (EXTR) upgraded to Buy from Hold at Needham... Glacier Bancorp (GBCI) upgraded to Outperform from Market Perform at Fig Partners... IBERIABANK (IBKC) upgraded to Strong Buy from Outperform at Raymond James... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... Jarden (JAH) upgraded to Outperform from Market Perform at Raymond James... Joy Global (JOY) upgraded to Overweight from Equal Weight at Barclays... KT Corporation (KT) upgraded to Overweight from Neutral at JPMorgan... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... L-3 Communications (LLL) upgraded to Buy on valuation at BofA/Merrill... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Micron (MU) upgraded to Neutral from Sell at Goldman... Monster Beverage (MNST) upgraded to Outperform from Market Perform at Wells Fargo... Newell Rubbermaid (NWL) upgraded to Outperform from Market Perform at Raymond James... Northrop Grumman (NOC) upgraded to Buy from Neutral at BofA/Merrill... PTC (PTC) upgraded to Buy from Neutral at Sterne Agee CRT... Peoples Bancorp (PEBO) upgraded to Outperform from Neutral at Boenning & Scattergood... Praxair (PX) upgraded to Buy from Neutral at UBS... Proofpoint (PFPT) upgraded to Outperform from In-Line at Imperial Capital... Seagate (STX) upgraded to Hold from Sell at Benchmark... Siemens (SIEGY) upgraded to Buy from Neutral at Nomura... Superior Drilling (SDPI) upgraded to Buy from Hold at Wunderlich... Vertex (VRTX) upgraded to Buy from Hold at Jefferies... Werner (WERN) upgraded to Strong Buy from Outperform at Raymond James... ZAIS Financial (ZFC) upgraded to Overweight from Equal Weight at Barclays.
09:07 EDTGEGE to stop making coiled compact fluorescent lamps for U.S. market
Subscribe for More Information
08:32 EDTGEGE Hitachi Nuclear Energy completes services outage at PWR facility
GE Hitachi Nuclear Energy announced the successful completion of its first services outage at a Pressurized Water Reactor, or PWR, facility. The outage, completed in partnership with Exelon Generation at the R.E. Ginna Nuclear Power Plant in Ontario, New York, was completed under budget and ahead of schedule with no safety-related or human performance issues. GEH is a part of a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry.
05:46 EDTGEGE Oil & Gas reports over $700M of customer agreements
Subscribe for More Information
05:44 EDTGEGE Oil & Gas announces investments in Italy worth $600M
GE Oil & Gas announced a new Memorandum of Understanding that will lead to the investment of $600M over the next five years in Italy. The MoU was signed today in Florence by GE Oil & Gas at a ceremony attended by the Minister of Economic Development Federica Guidi, the President of Tuscany Region Enrico Rossi, GE's Chairman and CEO Jeff Immelt, the President and CEO of GE Italia Sandro De Poli, the President and CEO of GE Oil & Gas Lorenzo Simonelli and the President of Nuovo Pignone Massimo Messeri. The investment in significant research, development and technological innovation in the country reaffirms GE Oil & Gas' commitment to the Italian market, and reinforces its cooperation with universities, SMEs and the regional economy where it operates. Tuscany is the home to Oil & Gas' Turbomachinery Solutions division and is also present in Lombardy, Calabria and Apulia. Another Memorandum of Understanding has been signed in the last weeks between Avio Aero - a GE Aviation business - and the Italian Minister of Economic Development, consisting of EUR200M over the next four years and involving Piedmont, Apulia and Campania, the geographical areas in which Avio Aero employs about 4,000 people. The MoU announced today will see GE Oil & Gas operations invest $600M over the next five years establishing a centre of global excellence in Tuscany for the oil and gas sector that will involve 500 highly qualified people coming from GE, universities, research labs, and small and medium-sized enterprises. The project aims at increasing Italian production by 50% and increase company revenue by $1.7B in five years. The program, named Galileo, supports the development of gas turbines and centrifugal compressors with a 5-65MW power range and innovative digital technologies covering their entire life cycle with aim of optimising the performance and operative life of the products.
05:39 EDTSIEGYSiemens upgraded to Buy from Neutral at Nomura
Subscribe for More Information
January 29, 2016
13:15 EDTSIEGYGamesa, Siemens wind unit combo 'roughly' merger of equals, Reuters reports
Subscribe for More Information
11:54 EDTSIEGYGamesa says regularly analyzes opportunities, no accord with Siemens reached
Subscribe for More Information
09:34 EDTGEActive equity options trading on open: AMZN MSFT FB AAPL GILD GE
Subscribe for More Information
08:52 EDTSIEGYSiemens hires Goldman Sachs to advise on potential Gamesa deal, Reuters says
Siemens (SIEGY) has hired Goldman Sachs (GS) as an advisor for its potential acquisition of Spanish wind farm manufacturer and operator Gamesa, Reuters reports, citing two people familiar with the matter. One of the sources told Reuters that it was still unclear what the structure of such a transaction would be. Reference Link
06:10 EDTGEGE intends to invest $760M in Italy R&D facilities, Bloomberg reports
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use