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  • WASHINGTON, July 30- General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday. The prospective government partners include Canada, the United Kingdom, France, Germany, China and...

  • PARIS, July 30- French aero engine maker Safran remains unwilling to commit to further increases in production of its LEAP engine as it embarks on steep increases in output for a record number of engines already sold, its chief executive said on Thursday. Airbus and Boeing are considering further production increases in narrowbody jets for which the LEAP...

  • WASHINGTON, July 29- Boeing Co Chairman Jim McNerney on Wednesday said the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty of the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...

  • WASHINGTON, July 29- Boeing Co Chairman Jim McNerney said on Wednesday the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty about the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...

  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • With the House of Representatives and Senate rushing toward a five-week summer recess, Republican leaders in both chambers embraced the newest version of a bill to temporarily fund road and mass transit construction projects. Late on Monday, the Senate demonstrated strong support for renewing the Ex-Im Bank, whose charter expired on June 30, by attaching a...

  • The House of Representatives on Monday unanimously approved the Small Business Administration loan program in a bill the Senate had already passed. But the Senate took lightning-fast action to raise the SBA lending limit in less than a day, marking a stark contrast with Congress' protracted battle over another federal loan guarantee agency, the U.S....

  • PARIS, July 27- Alstom is to accept 300 million euros less than previously agreed for its power turbines unit from General Electric as a contribution to the U.S.-based buyer's efforts to win antitrust clearance in Europe. The last-minute 2.4 percent discount to the previously agreed 12.35 billion euro deal is the latest in a series of knocks Alstom...

  • Inside New York's quirkiest workspace Monday, 27 Jul 2015 | 1:37 PM ET

    A tour of startup, Quirky reveals a highly unique office space, but the recent layoffs at the company highlight the volatility of startups.

  • Alstom to take $333M hit to help GE sale through Monday, 27 Jul 2015 | 12:54 PM ET
    A convoy carrying a turbine produced by General Electric in transit to a gas power plant at the Alstom site in Belfort, France on June 29, 2015.

    Alstom is to accept a $333 million reduction in the price it will get for selling its power turbines unit to General Electric.

  • Alstom to take 300 mln eur hit to help GE sale through Monday, 27 Jul 2015 | 12:22 PM ET

    PARIS, July 27- Alstom is to accept a 300 million euro reduction in the price it will get for selling its power turbines unit to General Electric as a contribution to the U.S. firm's efforts to get antitrust clearance in Europe. "In order to support General Electric in its offering of a comprehensive set of remedies addressing the concern of the Commission, Alstom's...

  • A risky investment with maybe 'China-like returns' Monday, 27 Jul 2015 | 12:12 PM ET
    Pedestrians wait at a roadside beside a sign advertising Caterpillar heavy construction machinery in Dakar, Senegal, last January.

    Ahead of President Barack Obama's trip to Kenya and Ethiopia, Africa has resurfaced as a topic of discussion in the investment community.

  • WASHINGTON, July 26- The U.S. Senate voted on Sunday to advance legislation that would revive the federal Export-Import Bank, whose charter expired on June 30 and was not renewed by Congress, with conservative Republicans pushing to shut down the bank for good. By a vote of 67-26, the Senate, in a rare Sunday session, limited debate on a measure that would...

  • WASHINGTON, July 26- The U.S. Senate voted on Sunday to advance legislation that would revive the federal Export-Import Bank, whose charter expired on June 30 and was not renewed by Congress, with conservative Republicans pushing to shut down the bank for good. By a vote of 67-26, the Senate, in a rare Sunday session, limited debate on a measure that would...

  • July 26- General Electric Co wants to be a "sizable" player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE's energy storage business told Reuters. This need has attracted a wide range of companies, including Elon Musk's Tesla Motors Inc, which said in April it plans...

  • Bits of wisdom from business' boldface names Saturday, 25 Jul 2015 | 2:00 PM ET
    Warren Buffett, chairman of Berkshire Hathaway Inc.

    From advice they've received to their own motivational nuggets, here are bits of wisdom from some of business' boldface names.

  • A look at the largest companies in the S&P 500 Friday, 24 Jul 2015 | 7:08 PM ET

    Amazon surpassed the world's largest retailer, Wal-Mart Stores Inc., in market value Friday, on the back of a strong earnings report. Amazon shares closed up nearly 10 percent, giving the Seattle company a market value of $247.77 billion, versus $230.53 billion for Wal-Mart. A company's market value is calculated by multiplying the number of shares of stock it...

  • GENEVA, July 24- The World Trade Organization finalized a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force. Removing tariffs on trade worth $1.3 trillion is expected to give a $190 billion boost to the world economy.

  • GENEVA/ WASHINGTON, July 24- World Trade Organization members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks'...

  • WTO members seal trillion-dollar IT trade deal Friday, 24 Jul 2015 | 12:00 AM ET

    Technology manufacturers like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co are among companies expected to benefit from the deal. "That definitely impacts Intel and that's important but also as important are the other technologies that it covers that were not even dreamt of when the original ITA was...