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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:15 EDTVWDRY, AMSC, SI, GECongress extends wind energy tax credit, GIGAom says
The fiscal cliff deal passed by Congress includes an extension of the wind energy tax credit, which was set to expire on January 1, according to GIGAom. Many wind energy developers had rushed to finish projects at the end of last year in order to qualify for the credit. Reference Link
News For VWDRY;AMSC;SI;GE From The Last 14 Days
Check below for free stories on VWDRY;AMSC;SI;GE the last two weeks.
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September 8, 2014
08:18 EDTGEElectrolux sees GE Appliances transaction accretive to EPS in year one
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08:03 EDTGEGeneral Electric, Accenture launch Intelligent Pipeline Solution
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06:25 EDTGEAlstom unit accused of bribing officials EUR6M to win contracts, FT reports
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05:32 EDTGEGeneral Electric to sell appliances business to Electrolux AB for $3.3B
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05:29 EDTGEGeneral Electric to sell appliances business to Electrolux AB for $3.3B
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September 7, 2014
15:52 EDTGEGE's oil and gas unit set to outpace industry growth, Reuters says
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September 4, 2014
11:20 EDTGEStocks with increasing options volume
Stocks with increasing options volume: BP VMW SCTY X GE MBLY VALE DDD
11:19 EDTGEElectrolux close to buying GE appliance unit for $2.5B Reuters reports
Electrolux (ELUXY) is near a deal to buy General Electric's (GE) appliance business for more than $2.5B, Reuters reports, citing people familiar with the matter. A deal could be announced as soon as next week, Reuters added. Reference Link
10:46 EDTGEGE near deal to sell appliance unit to Electrolux for over $2.5B, Reuters says
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08:48 EDTAMSCAMSC adjusts Q2 EPS view to less than (33c), consensus (16c)
As a result of the Arbitration Tribunal for the ICC International Court of Arbitration awarding Ghodawat $11M in damages, the company expects to record a charge of approximately $10.5M in Q2 ending September 30 for this award. As a result, AMSC is adjusting its GAAP net loss guidance for Q2 to be less than $26M, or (33c) per share.
08:45 EDTAMSCAMSC reports ICC Court awards Ghodawat $11M in damages
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08:40 EDTAMSCAMSC provides update on litigation with Ghodawat Energy
American Superconductor said in a regulatory filing that on September 1, the company received notification that the Arbitration Tribunal for the ICC International Court of Arbitration issued an award, dated August 29, in the arbitration proceedings between the company’s wholly-owned Austrian subsidiary, AMSC Austria GmbH and Ghodawat Energy Pvt. Ltd., a company registered in India and a former licensee of AMSC Austria’s wind turbine technology, relating to Ghodawat’s claim that AMSC Austria breached the license agreement between the parties. The ICC Court found that AMSC Austria breached the license agreement and awarded Ghodawat approximately $11M in damages and costs, including interest. The award bears interest at the Singapore judgment rate, which is currently 5.33%, from the date of the award until paid. The Company is exploring its options with respect to the award.The company’s insurer sought and received a ruling from the Massachusetts Superior Court that coverage does not apply to this award. The company is currently reviewing its options regarding the ruling. As a result, there can be no assurance that there will be insurance coverage available to offset any amounts paid out in conjunction with the award.
08:26 EDTAMSCAMSC trading halted, pending news
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