|Bid||0.7300 x 258100|
|Ask||0.7400 x 246100|
|Day's Range||0.7150 - 0.7400|
|52 Week Range||0.6420 - 0.9540|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||12.54|
|Forward Dividend & Yield||0.02 (2.64%)|
|1y Target Est||N/A|
U.S. Senate Democratic leader Chuck Schumer is asking the federal government to investigate if a plan for new subway cars in New York City, designed by a Chinese state-owned firm, could pose a threat to national security. The move comes after China's CRRC Corp Ltd
Alstom’s 2004 contract to supply the country with 60 passenger trains and 180 freight locomotives was celebrated with an announcement touting the 1 billion euro ($1.14 billion) contract value and the French company’s prospects for future growth there. A similar contract from Siemens for 300 kilometers-per-hour trains was announced a year later during a state visit to Germany by China’s then-president Hu Jintao. “This contract means that China will be supplied with the most up-to-date technology for high-speed trains,” Siemens’s then-chief executive officer, Klaus Kleinfeld, said at the signing ceremony.
Siemens and Alstom's plan to create a European rail champion to take on a Chinese rival has failed to win over EU antitrust regulators despite German and French backing, people familiar with the matter said on Friday. The EU veto, to be announced early next month, could push Siemens to float its own in-house rail technology division, called Siemens Mobility, while keeping a stake. Germany and France support the deal, saying it would help secure the competitiveness of the European rail industry.
MONTREAL/NEW YORK (Reuters) - New Jersey Transit's board will decide on Wednesday whether to award the first part of an order for up to 999 cars worth as much as $3.6 billion to Canada-based Bombardier Inc (BBDb.TO), a copy of the agency's Dec. 12 agenda shows. The deal also includes options for up to 636 vehicles for New Jersey and an additional 250 cars for the Southeastern Pennsylvania Transportation Authority (SEPTA) worth a total of $3.6 billion if fully exercised, according to an executive director's report attached to the agenda. The agenda confirmed a Reuters report in November that Bombardier was the preferred bidder for the contract.
Dec 11 (Reuters) - CRRC Corp Ltd: * SAYS TWO UNITS PLAN TO SELL STAKES IN TWO COMPANIES FOR A COMBINED 703.3 MILLION YUAN ($102.32 million) TO PROPERTY UNIT OF CRRC CORP'S CONTROLLING SHAREHOLDER Source ...