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General Electric Co


  • 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...

  • Siemens unit in China bribery probe - report Sunday, 3 May 2015 | 5:42 AM ET
  • 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...

  • Berkshire too big? Don't be silly, Buffett says Saturday, 2 May 2015 | 4:32 PM ET
    Warren Buffett at the Berkshire Hathaway Annual Shareholder's Meeting in Omaha Nebraska on May 2, 2015.

    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...

  • Housing market getting better: Wells Fargo CEO Friday, 1 May 2015 | 6:02 PM ET
    John Stumpf, CEO of Wells Fargo

    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 Suzie Welch

    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...

  • Traders work on the floor of the New York Stock Exchange (NYSE).

    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.

  • U.S. firms lead EU lobbying league Thursday, 30 Apr 2015 | 1:58 PM ET

    *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...

  • History suggests Apple has much more room to run Tuesday, 28 Apr 2015 | 12:43 PM ET
    Apple logo in eye

    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.

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- Cap Gemini SA, a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE's founders a $1 billion windfall.

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- French IT services company Cap Gemini plans to buy U.S.-based rival IGATE Corp for $4 billion, in a deal that makes North America its biggest market and hands IGATE's founders a $1 billion windfall.

  • PARIS, April 27- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday. Cap Gemini, the market capitalisation of which was about 13 billion euros at the close of business on Friday, said it...

  • April 24- SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter. GE is working with Citigroup Inc to sell the business, which is expected to be worth $10 billion, the...

  • PARIS, April 24- Foreigners are set to take over several French blue chip firms this year and will largely do what they want with their prizes- showing the limits of new laws passed in the name of "economic patriotism." Economy Minister Emmanuel Macron spoke last month of "the determination and the ability of the state to use all weapons available to investors" to help...

  • Moody’s to CEOs: Think twice before buying back stock Thursday, 23 Apr 2015 | 6:00 AM ET
    corporate money

    Moody's head of leveraged finance warns CEOs that they must strike a better balance between boosting their stock and supporting bondholders.

  • 10 most outrageously priced stocks Wednesday, 22 Apr 2015 | 11:24 AM ET
    Traders work on the floor of the New York Stock Exchange.

    There are 10 stocks in the Standard & Poor's 500 that are trading for 100 times their diluted earnings, reports USAToday.

  • *Warren East to replace John Rishton in July. LONDON, April 22- Aircraft engine maker Rolls-Royce has turned to one of Britain's most successful technology executives, Warren East, to restore its fortunes after a year marred by falling profit, job cuts and cancelled orders. The British company's surprise announcement on Wednesday said that John Rishton would...