A decade after splitting two railroad manufacturers from the same company to promote competition, China now wants to recombine them. The Financial Times reports.» Read More
The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash
Siemens plans to offer more than $6.1 billion for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.
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Christophe de Maistre, chairman of Siemens France, says France's labor market is too rigid and costs need to be reduced.
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Peter Sorrentino, Senior Portfolio Manager at Huntington Asset Advisors, explains why Siemens and Mitsubishi Heavy are the winners of a "compromised deal" between General Electric and Alstom.
Gilles Sitbon, senior fund manager at Sycomore Asset Management, says a tie-up between Alstom and GE is "attractive" for both companies.
European shares finished Friday's session slightly higher, with investors contemplating M&A activity and ongoing tensions in Iraq.
GE will be allowed to proceed with its revised offer to buy Alstom's power and grid business as long as it meets certain conditions.
U.S. stock index futures pointed to a flat-to-lower open on Friday, after the news that Obama will send 300 military advisers to Iraq.
Siemens and Mitsubishi Heavy Industries raised their offer for Alstom's energy businesses to compete with a revised bid by General Electric.
Some of the names on the move ahead of the open.
CNBC has learned that the revised proposal would create three energy joint ventures between GE and the French multinational.
Paris is demanding French minority in Alstom's energy assets as the price for approving its bid from General Electric, the FT reports.
GE chief executive will unveil an improved offer for the energy arm of Alstom on Thursday, according to sources.
Christopher Dembik, analyst at Saxo Bank, says both Siemens and Mitsubishi Heavy Industries and General Electric's (GE) bid for Alstom are "very good" but the French firm is likely to favor GE.