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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:29 EDTSIEGY, GE, ALSMYSiemens, 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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May 20, 2015
06:08 EDTGEStocks with implied volatility below IV index mean; DD GE
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May 19, 2015
18:54 EDTGEGE to lose $350M locomotives deal if Export-Import Bank fails, Reuters says
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18:01 EDTGEAflac names Matthew Owenby as Chief Human Resources Officer
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08:23 EDTSIEGYSiemens bond plan keeps it in running for Halliburton assets, Bloomberg says
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08:04 EDTGEGE announces launch of Digital Wind Farm
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06:01 EDTGEStocks with implied volatility below IV index mean; MSFT GE
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May 18, 2015
16:14 EDTGEColfax announces acquisition of Roots blowers & compressors
Colfax Corporation (CFX) announced that it has entered into a binding agreement to acquire the Roots blowers and compressors business unit , also known as Industrial Air & Gas Technologies, from GE (GE) Oil & Gas for a cash consideration of $185M. Roots is a leading supplier of blower and compressor technologies which service a broad range of end markets, including water treatment, chemical production, and power generation. This acquisition will build on Howden's global strength in compressors and blowers and will add important application expertise and product solutions to the portfolio. In 2014, Roots had approximate revenues of $155 million and EBITDA of $22M. In making the announcement, Steve Simms, President and Chief Executive Officer of Colfax, stated, "I am delighted to welcome the Roots team to Colfax. We are excited by the opportunities created by combining the Roots capabilities and application expertise with Howden's global footprint and continuous improvement culture. Like Howden, the Roots business has spent more than 150 years developing market leading products and solutions, and we look forward to continuing to innovate and grow." Mr. Simms continued, "Strengthening our businesses through bolt-on acquisitions is a core part of our strategy, and we continue to see a robust pipeline of opportunities."Closing of the acquisition is expected early in the third quarter following the fulfillment of certain conditions.
09:36 EDTGEActive equity options trading on open
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08:07 EDTGESplunk appoints Snehal Antani as Chief Technology Officer
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06:56 EDTGEGE, Emerson said to be mulling bids for Aveva, Sunday Times reports
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06:05 EDTGEStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
May 15, 2015
18:37 EDTGEGeneral Electric awarded $105M government contract modification
General Electric - Aviation, Cincinnati, Ohio, has been awarded a $105M modification to previously awarded contract FA8650-09-D-2922 to cover the potential award of the Adaptive Engine Technology Development order. This additional research and the resulting data will further mature aircraft engine technologies and decrease risk to achieve a system level preliminary design review and subsequent Adaptive Engine Research Design compatibility review. Work will be performed at Cincinnati, Ohio, and is expected to be complete by Nov. 3, 2016. Funds will be obligated if additional in-scope work is awarded. Air Force Research Laboratory, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
10:29 EDTSIEGYAmerican Urological Association to hold an annual meeting
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06:03 EDTGEStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
May 14, 2015
08:22 EDTALSMYSenate Energy & Natural Resources Committee holds a hearing
The Committee holds a hearing to receive testimony on Energy Infrastructure Legislation from Vice President of Legislative & Regulatory Affairs, Jonathan Weisgall of Berkshire Hathaway and President of Alstom, Inc., Amy Ericson, on May 14 at 10 am. Webcast Link
May 13, 2015
11:17 EDTGEGE looks to sell Japan commercial finance operation, WSJ says
General Electric is looking to sell its Japanese commercial finance operations, as the conglomerate looks to slim down assets held in its GE Capital unit, says the Wall Street Journal. The unit, which finances the purchase of equipment is valued at about $5B, added the Wall Street Journal. Reference Link
09:39 EDTGEActive equity options trading on open
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07:31 EDTSIEGYHeart Rhythm Society to hold a conference
Heart Rhythm 2015 is being held in Boston on May 13-16.
07:08 EDTGEOppenheimer to hold a conference
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06:15 EDTGE, ALSMYEU restart probe of GE's planned acquisition of Alstom's power business, WSJ say
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