A U.S. fine for bribery pushed France's Alstom to a 719 million euro annual net loss - down from the previous year's 556 million profit.» Read More
FRANKFURT, May 7- German industrial group Siemens posted a slightly larger-than-expected 5 percent drop in quarterly industrial profit as a weak result at its digital factory unit compounded problems at its energy operations. Chief Executive Joe Kaeser is trying to streamline the company's sprawling portfolio and change the corporate culture to help it...
BRUSSELS, May 4- General Electric's CEO will meet the European antitrust chief on Tuesday, according to a person familiar with the matter, as the EU investigates the U.S. company's 12.4- billion-euro bid for an Alstom business. GE is seeking to convince the Commission to approve its proposal to buy French company Alstom's power equipment business, without...
The investigation, which has not previously been reported, follows a wide-reaching probe into the pharmaceutical industry in China that last year saw GlaxoSmithKline Plc fined nearly $500 million for bribing officials to push its medicine sales. "We are not aware of any situation that conforms to what you describe," said Germany- based spokesman Matthias...
Warren Buffett rejected the idea that Berkshire is so big that it is now too big to fail and requires tighter regulatory oversight.
OMAHA, Neb., May 2- Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight. Those catastrophes can be costly, and both the September 11 attacks on the World Trade Center and Pentagon as well as Hurricane...
While there is a perception credit is not available, it is more available now and at great rates, Wells Fargo CEO John Stumpf said.
Jack and Suzy Welch warn about social media
May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.
FRANKFURT/ MUNICH, May 1- German industrial firm Siemens plans to keep most of its 13 underperforming businesses for now and will try to sell a handful of "marginal" operations, a source with direct knowledge of the matter told Reuters. Siemens said late last year it would decide by May what to do with the businesses it has identified as problems and that account for...
U.S. stocks closed down more than 1 percent on the last day of trade for April as investors weighed mixed data and continued weakness in the dollar.
*Tech rivals Microsoft, Google among big lobbiers. BRUSSELS, April 30- U.S. companies, including tech rivals Microsoft and Google, were among leading spenders on corporate lobbying in Brussels last year, a Reuters review of new data showed. Oil majors Exxon Mobil of the United States and Anglo-Dutch Shell shared the top spot with Microsoft, with reported spending...
General Electric Co. fell$. 03 or. 1 percent, to $27.09. Snap-On fell $1.15 or. 8 percent, to $150.43. Whirlpool Corp. fell $4.67 or 2.5 percent, to $179.03.
General Electric Co. fell$. 01 or percent, to $27.12. Snap-On fell $1.36 or. 9 percent, to $150.22. Whirlpool Corp. fell $5.38 or 2.9 percent, to $178.32.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 3 percent to $34.76 with 39,838,600 shares traded. Bank of America Corp. rose 2.1 percent to $15.98 with 122,945,200 shares traded.
General Electric Co. fell$. 08 or. 3 percent, to $27.04. Snap-On fell $1.37 or. 9 percent, to $150.21. Whirlpool Corp. fell $3.26 or 1.8 percent, to $180.44.
General Electric Co. rose$. 24 or. 9 percent, to $27.12. Snap-On fell $1.48 or 1.0 percent, to $151.58. Whirlpool Corp. fell $14.13 or 7.1 percent, to $183.70.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AK Steel Holding Corp. rose 9.4 percent to $5.35 with 22,809,400 shares traded. AT&T Inc. rose 2.3 percent to $34.86 with 48,346,300 shares traded.
General Electric Co. fell$. 04 or. 1 percent, to $26.84. Snap-On fell $1.18 or. 8 percent, to $151.88. Whirlpool Corp. fell $11.53 or 5.8 percent, to $186.30.
A closer look at the mega-cap leaders of the S&P 500 over the last 30 years suggests that Apple’s market value could balloon to more than $1 trillion.
General Electric Co. fell$. 06 or. 2 percent, to $26.83. Snap-On fell$. 65 or. 4 percent, to $152.41. Whirlpool Corp. fell $15.15 or 7.7 percent, to $182.68.