General Electric stock buyers preach patience, eye progress
NEW YORK (Reuters) – Investors who have scooped up decimated shares of General Electric Co are willing to wait years to reap a solid return but also hope the U.S.…
Siemens: Key to have dialogue based on trust with EU about Alstom deal
FILE PHOTO: Henri Poupart-Lafarge, Chairman and Chief Executive Officer of Alstom, and Siemens President and CEO Joe Kaeser attend a news conference to announce their deal to merge their rail…
France, Germany step up pressure over Alstom-Siemens deal
PARIS (Reuters) – France and Germany raised pressure on the European Union’s competition chief to approve the merger of Alstom and Siemens’ rail businesses, warning that thwarting the proposed European…
GE drags premier U.S. corporate debt, which posts worst year since 2008
NEW YORK (Reuters) – The stock market’s gyrations have grabbed the year-end headlines, but another key financial market, investment-grade U.S. corporate debt, is turning in its worst yearly performance since…
U.S. oil edges up after tumbling to lowest since June 2017 on economy fears
SEOUL (Reuters) – Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global…
Trade war, spy claims cloud horizon for China airshow
SHANGHAI/BEIJING (Reuters) – Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China’s largest aerospace meeting this week, as suppliers consider…
France to press General Electric on job pledges: minister
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he would press General Electric’s new chief executive to stick to French job creation pledges made by the…
Siemens denies report it may cut 20,000 jobs
MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was “completely…
Honeywell raises 2018 profit forecast, to get spin-off dividends
(Reuters) – Airplane parts maker Honeywell International Inc (HON.N) raised its full-year profit forecast for the fourth time this year on Thursday and said it would receive $3 billion in…
Thyssenkrupp needs new strategy, targets not enough: investor
DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to…