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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:29 EDTGE, ALSMY, SIEGYSiemens, 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
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November 20, 2014
11:19 EDTSIEGYDresser-Rand announces investor approval of merger agreement with Siemens
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November 19, 2014
13:20 EDTGEGeneral Electric to partner with Chinese companies on energy, China Daily says
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08:04 EDTGEGE Healthcare announces Omnyx collaboration with Caradigm
GE Healthcare announced it will resell Caradigm’s Single Sign-On and Context Management solutions in the United States, Canada, and specific EU countries to provide connectivity between the Omnyx digital pathology platforms and designated Anatomic Pathology Laboratory Information Systems.
November 17, 2014
11:25 EDTSIEGYSiemens awarded turnkey contract for Stonewall Energy Project in Virginia
Siemens, in consortium with Bechtel, has been awarded the order for the turnkey supply for Panda Power Funds’ Stonewall Energy Project in Leesburg, Virginia. Following the power projects Temple I and Temple II, this is the sixth order awarded to Siemens by Panda Power Funds. The natural-gas-fired Leesburg combined cycle power plant will have a gross installed electrical capacity of 778 megawatts. Once built, it can supply the power for up to 778,000 households in Virginia and will make a significant contribution to the area’s economy. Commissioning of the plant is scheduled for spring 2017. For the Panda Stonewall CCPP, Siemens will deliver the power island equipment, including two SGT6-5000F gas turbines, one SST6-5000 steam turbine with an SCon-4000 condenser, two SGen6-1000A generators, one SGen6-2000H generator and two NEM duct-fired heat recovery steam generators. Bechtel will be responsible for the engineering and procurement for the balance of the plant, and the installation, construction and commissioning of the facility. The gas turbines, steam turbines and generators will be manufactured at the Siemens factory in Charlotte, North Carolina, which is the main production facility for Siemens 60 Hz power generation. In order to secure funds for the project, a finance package utilizing senior debt, mezzanine debt and equity has been obtained to cover the total project costs. In support of this package, the Financial Services Division of Siemens is also making a USD75M equity investment.
10:31 EDTGEGE sees China order growth despite slowing economy, WSJ says
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November 16, 2014
18:16 EDTSIEGYSiemens CEO says healthcare unit to stay within company, Reuters says
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November 14, 2014
09:38 EDTGEActive equity options trading
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08:04 EDTGEGE Capital provides $37.5M credit facility to Specialty's Cafe & Bakery
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08:00 EDTGEHalliburton, Baker deal would face 'intense' DOJ scrutiny, says Jefferies
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November 13, 2014
11:12 EDTGEHungary to buy Budapest from GE Capital, Reuters reports
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10:04 EDTGEGE opens $500M Brazil Technology Center
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07:26 EDTGEGE sees great infrastructure demand in developing markets, Reuters says
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06:22 EDTSIEGYRolls-Royce expects to complete sale of energy unit to Siemens by year-end
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November 12, 2014
09:17 EDTALSMYBritish American Business Association to host an event
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09:01 EDTGEGE to build advanced manufacturing facility in Pennsylvania
GE announced that it will build a new manufacturing facility to drive innovation and implementation of advanced manufacturing technologies across GE. The new facility represents a $32M investment over three years by the company and will result in the creation of 50 high-tech engineering jobs initially, in disciplines ranging from mechanical and electrical to systems and software engineering. These technologists will join GE’s global network of 50,000 world-class scientists, engineers, and skilled labor who are working to solve some of the world’s toughest challenges. The new facility reflects GE’s belief that the intersection of technology and manufacturing – marrying hardware with software – is bringing a new era of manufacturing. The site will be located outside of Pittsburgh in Findlay Township, PA to capitalize on the renowned academic institutions and skilled workforce in the area. Construction is expected to begin in March 2015 to be completed by September 2015.
08:05 EDTGEGoldman to hold a conference
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07:27 EDTSIEGYNorth American Spine Society to hold annual meeting
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November 11, 2014
10:00 EDTSIEGYOn The Fly: Analyst Initiation Summary
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08:01 EDTGEGE Healthcare, Takeda enter into alliance agreement for R&D in hepatic fibrosis
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05:29 EDTSIEGYSiemens initiated with a Buy at Jefferies
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