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Stock Market & Financial Investment News

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 4, 2014
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
September 3, 2014
07:01 EDTGEGE Healthcare announces SenoClaire FDA approval
GE Healthcare, a unit of GE, announced the FDA approval of SenoClaire. In collaboration with Massachusetts General Hospital, GE developed SenoClaire technology that uses a low-dose short X-ray sweep around the positioned breast with nine exposures acquired with a “step-and-shoot” method, removing the potential motion from the tube helping to reduce blur and increase image sharpness.
September 2, 2014
15:02 EDTGEBids from General Electric, buyout funds line up for Petrovalves, Reuters says
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11:01 EDTGEGE Intelligent Platforms receives $1.5M order from Sainsel
GE Intelligent Platforms announced that it has received orders from Sainsel Sistemas Navales of Madrid, Spain for a range of GE’s rugged embedded computing systems that will be deployed as part of Sainsel’s aeronautics program. GE’s boards will be used in new equipment developed by Sainsel as part of a mission system. Initial value of the order is $1.5M; long term value is expected to be $7M.
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