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General Electric Co

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  • 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...

  • PARIS, April 22- Safran pledged to meet performance targets on its latest jet engine as it unveiled a higher-than-expected 14 percent jump in first-quarter sales on Wednesday. Safran said its widely watched civil aftermarket grew 17.8 percent in dollar terms, driven by first overhauls of recent CFM56 engines as well as GE's GE90, in which Safran has a stake.

  • WASHINGTON, April 22- Nearly 80 percent of American companies surveyed by two human rights groups failed to meet a U.S. rule requiring they monitor whether their products contain minerals from war-torn Africa. The joint report by Amnesty International and Global Witness is the first by outside groups to analyze so-called "conflict mineral" disclosures by U.S....

  • April 20- General Electric Co is in early-stage talks with Wells Fargo& Co about selling its entire $74 billion U.S. commercial lending and leasing portfolio to the bank, according to a source familiar with the situation. GE and Wells Fargo declined to comment. The talks with Wells Fargo underscored GE's urgency in looking to dismantle its GE Capital business and...

  • GE in talks to sell $74 bln portfolio to Wells Fargo Monday, 20 Apr 2015 | 12:19 PM ET

    April 20- General Electric Co is in early-stage talks with Wells Fargo about selling the bank its entire $74 billion U.S. commercial lending and leasing portfolio, according to a source familiar with the situation. The source asked not to be identified because the talks are confidential. GE and Wells Fargo declined to comment.

  • Box-ed out? Firm faces make-or-break moment Monday, 20 Apr 2015 | 10:51 AM ET
    CEO of Box Aaron Levie

    Box's losses are continuing to add up and revenue is not growing enough to suit Wall Street, reports the New York Times.

  • Earnings next test for stocks after market wipeout Monday, 20 Apr 2015 | 5:52 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.

  • Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said...