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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:36 EDTALSMY, SIEGYSiemens CEO says receptive to French stake in Alstom, Reuters says
Siemens (SIEGY) CEO Joe Kaeser said that the German firm and Mitsubishi Heavy Industries are receptive to the French government taking a stake in Alstom (ALSMY) if their joint offer for the company's power division is successful, according to Reuters, citing comments from Kaeser. Kaeser is scheduled to meet with French President Francois Hollande to talk about the revised Siemens-MHI bid. Reference Link
News For SIEGY;ALSMY From The Last 14 Days
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November 25, 2014
09:03 EDTSIEGYSiemens to sell tidal power business, exit ocean power, Bloomberg reports
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November 21, 2014
11:42 EDTSIEGYSiemens to supply power generation equipment for Clean Energy Center in Ohio
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November 20, 2014
11:19 EDTSIEGYDresser-Rand announces investor approval of merger agreement with Siemens
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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.
November 16, 2014
18:16 EDTSIEGYSiemens CEO says healthcare unit to stay within company, Reuters says
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