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General Electric Co

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  • NEW YORK, July 3- Aetna Inc's $37 billion deal to buy smaller health insurer Humana Inc will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more difficult. The deal follows weeks of intense discussions about potential combinations among the five biggest U.S. health insurers:...

  • NEW YORK, July 3- Aetna Inc's $37 billion deal to buy smaller health insurer Humana Inc will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more difficult. The deal follows weeks of intense discussions about potential combinations among the five biggest U.S. health insurers:...

  • GE met with European regulators on Thursday to allay worries its 12.4 billion euro acquisition of Alstom's power equipment business would leave Europe with two gas turbine players. "Alstom is in that core of what they're trying to become," said Peter Jankovskis, co-chief investment officer at Oakbrook Investments, which owns 1.7 million GE shares.

  • TORONTO, July 2- Royal Bank of Canada was the top adviser on Canadian equity issues in the first half of 2015 as acquisitions and the energy industry's need to strengthen balance sheets fueled record high deal flow, according to data from Thomson Reuters. The investment banking units of Bank of Montreal and Canadian Imperial Bank of Commerce rounded out the top...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, July 2- European shares fell on Thursday under pressure from concerns over Greece's debt crisis and with a rebound in the euro weighing on exporters that typically benefit from the single currency's weakness. Electrolux, which owns the Frigidaire, Kenmore and Tappan brands, fell about 10...

  • LONDON, July 2- German utility stocks rose sharply on Thursday after plans for a coal levy were scrapped, outperforming a flat showing on other benchmark European equity indexes that remained dogged by concerns over Greece. The pan-European FTSEurofirst 300 index was also flat while the euro zone's blue-chip Euro STOXX 50 index slipped 0.1 percent.

  • LONDON, July 2- European shares made little headway on Thursday, as uncertainty over Greece's debt crisis pegged back the region's stock markets, while Sweden's Electrolux slumped after a U.S. legal challenge to a deal. Electrolux, which owns the Frigidaire, Kenmore and Tappan brands, fell around 10 percent after the United States filed a lawsuit to prevent it...

  • GE meets EU regulators over Alstom power unit deal Thursday, 2 Jul 2015 | 6:28 AM ET

    BRUSSELS, July 2- General Electric met EU antitrust regulators on Thursday, hoping they will take a softer line on its 12.4- billion-euro bid for Alstom's energy unit. It has said it would be willing to give up some intellectual property rights related to some of Alstom's assets but not anything that would affect lucrative service revenue streams.

  • STOCKHOLM, July 2- Buying only parts of the GE Appliances business would not make sense, the head of Sweden's Electrolux said on Thursday, fighting to salvage a $3.3 billion deal after the United States moved to block it. The U.S. Justice Department filed a lawsuit on Wednesday to stop the Swedish company from buying General Electric Co's appliance unit, saying a...

  • European shares in limbo on Greece, U.S. data Thursday, 2 Jul 2015 | 4:31 AM ET

    LONDON, July 2- European stock markets opened slightly higher on Thursday, though the mood was one of caution with Greece just days away from a referendum that may decide its future in Europe and traders awaiting U.S. data. Defiant Greek Prime Minister Alexis Tsipras urged his country to reject an international bailout deal on Sunday, amid a worsening crisis...

  • NEW YORK— The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of ovens and other cooking-related kitchen appliances, especially to customers like home builders, property managers, hotels, and governments. General Electric Co. and Electrolux said they will...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.

  • July 1- U.S. Justice Department antitrust lawyers have opposed Electrolux AB's plan to buy General Electric Co's household appliance business, a source familiar with the investigation told Reuters. The deal would double Electrolux's U.S. sales, putting it on a par with larger rival Whirlpool Corp. "Electrolux and GE continue to work actively with the...

  • The aircraft ordered by China are current-generation A330s, which are available with a choice of engines from three manufacturers: General Electric, United Technologies' Pratt& Whitney unit and Britain's Rolls-Royce. Rolls-Royce is currently the market leader with its Trent 700 engine, but the Chinese order presents one of the largest available...

  • Rolls-Royce is currently the market leader with its Trent 700 engine, but the Chinese order presents one of the largest available opportunities for rivals, notably GE, to jump in before Airbus switches to an exclusively Rolls-powered version of the A330, with a new engine, from late 2017.. Shares in Airbus rose as much as 5 percent on the aircraft order, which eased...

  • Union-represented workers ratify 4-year contracts at GE Wednesday, 1 Jul 2015 | 12:04 PM ET

    HARTFORD, Conn.— Union workers at General Electric Co. have ratified contracts that increase compensation by $15,500 over four years, hold the line on health care contributions next year, provide pension improvements and make other changes. The agreements at the Fairfield, Connecticut- based company call for three cash payments totaling $8,000, four...

  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • WASHINGTON, June 30- President Barack Obama said on Tuesday that the U.S. Congress "is taking a step backward" by failing to renew the charter for the Export-Import Bank and instead letting it lapse at midnight. "He said the White House would be working hard to get this corrected," said Don Nelson, president of Pro-Gauge Technologies Inc., a Bakersfield, California,...

  • WASHINGTON, June 30- The U.S. Export-Import Bank will stop new loans and insurance activities at midnight on Tuesday, the White House said in a statement, a lapse it said could hurt exports and jobs and benefit rivals such as China. "When Ex-Im lapses, China and other foreign rivals will pick up the slack, putting American businesses and American workers at a...