|Bid||95.71 x 100000|
|Ask||95.93 x 100000|
|Day's Range||94.40 - 96.20|
|52 Week Range||90.90 - 121.40|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||17.06|
|Forward Dividend & Yield||3.80 (4.06%)|
|1y Target Est||125.70|
French Finance Minister Bruno Le Maire speaks to CNBC’s Hadley Gamble about the rejected rail merger between Siemens and Alstom.
Industrial giant Siemens has signed up to produce the motors for electric airplane startup Eviation Aircraft.
German industrial conglomerate Siemens is eyeing electric flight in deal to make propulsion systems for electric-plane start-up Eviation. The start-up wants to bring battery-powered flight to short-haul trips.
“When you’re dealing with competition, it’s very difficult to talk in general terms as has been done in terms of winners and losers, champions and not champions,” Chief Economist Peter Praet told an audience in Berlin. It’s intended to strengthen European companies’ ability to deal with international competitors after the EU blocked a bid this month by Siemens AG to create a rail champion with France’s Alstom SA. Praet urged against the use of populist language when describing international competition and argued that the “traditional win-win of trade” still exists.
German engineering giant Siemens is selling four notes totaling 3 billion euros ($3.4 billion) maturing in as many as 20 years, while Finnish power company Fortum is offering three bonds as long as 10 years and amounting to 2.5 billion euros, according to separate people familiar with the sales, who asked not to be identified because they’re not authorized to speak about the offerings publicly. Altria Group Inc., International Business Machines Corp. and Volkswagen AG’s bank arm have all sold four-part euro deals recently as investor appetite for high-grade notes and looming risks such as Brexit encourage companies to get deals done early in the year. Investment-grade corporate sales across Europe are up almost 40 percent this year compared with last, based on data compiled by Bloomberg.
Russia's RDIF sovereign wealth fund and a unit of Germany's Siemens signed an agreement on working together on a 300 billion rouble ($4.5 billion) high-speed rail link between the Russian cities of Chelyabinsk and Yekaterinburg, RDIF said on Friday. The deal was signed by RDIF and Siemens Mobility on the sidelines of the Munich Security Conference, RDIF said.
GE captured 33 percent of orders in 2018, down significantly from its 10-year average of 43 percent, according to an analysis of McCoy Power Reports data this week by Barclays Plc analyst Julian Mitchell. It’s also below the 40 percent market share that Rob McKeel, chief marketing officer of GE’s power unit, told the Financial Times in August he expected for 2018. To the extent you can put a positive spin on this, it’s that the price discipline promised by former GE CEO John Flannery and his successor Larry Culp is finally taking root in a power business that prioritized growth over profits for far too long.
Russia's RDIF sovereign wealth fund and a unit of Germany's Siemens have agreed to invest over 300 billion roubles in a high-speed rail link between the Russian cities of Chelyabinsk and Yekaterinburg, ...
SINGAPORE/LONDON, Feb 15 (Reuters) - Thermal coal and natural gas prices are tumbling, with both falling their lowest since 2017, as the outlook for the most used power generation fuels darkens due to tepid demand. Refinitiv trade data showed shipments of liquefied natural gas (LNG) from key exporters Australia, Qatar, Malaysia and the United States rose to a record 19.5 million tonnes in January, up from 14.5 million tonnes two years ago. Meanwhile, exports of thermal coal from prominent suppliers Australia, Colombia, Indonesia and South Africa climbed to 54.5 million tonnes in January, the highest in at least two years.
GE and Siemens lagged a growing power rival in key orders for gas turbines, but General Electric landed the most overall orders for gas turbines in 2018.
At the stroke of a pen, European officials can shape markets and override corporate decisions with an immediate impact on investment, profits and jobs. Last week, France and Germany demanded changes to EU competition policy to allow European industry to survive against China’s state-backed giants.
General Electric Co booked the most orders for electricity-generating gas turbines in 2018 but fell to second place for the largest and most advanced machines, behind Mitsubishi Hitachi Power Systems, according to a closely watched report seen by Reuters and people familiar with the matter. Demand for gas turbines has been tumbling since 2011, stoking fierce competition for deals and prompting manufacturers to slash jobs and close factories. The latest rankings show Mitsubishi won 41 percent of the orders last year for turbines that can produce 100 megawatts or more, compared with 28 percent for GE and 25 percent for Siemens AG, according to McCoy Power Reports data.
Thyssenkrupp downplayed concerns over antitrust scrutiny with regard to its planned joint venture with Tata Steel, saying it could not be compared with a vetoed rail tie-up of Siemens and Alstom. "You cannot put the same label on it at all," Guido Kerkhoff told journalists on Tuesday, adding that the European steel sector had witnessed several large transactions in the past that were approved by regulators after remedies had been offered. The European Commission is expected to send a charge sheet known as a statement of objections to Thyssenkrupp this week, which usually sets out serious competition concerns which companies have to address, sources told Reuters on Monday.
After four decades on the production line at French trainmaker Alstom, Claude Gemino had little sympathy for Emmanuel Macron when Brussels scotched the French president's hopes of creating a European rail champion. For Gemino and many co-workers at Alstom's Belfort factory, Macron's support for the blocked merger with Germany's Siemens signalled a readiness to put shareholders ahead of jobs and protecting France's fragile manufacturing sector.
BRUSSELS (Reuters) - France and Germany will propose changes to the European Union's competition policy after the European Commission, the EU competition watchdog, blocked a merger of the rail units of ...
BRUSSELS/BERLIN/PARIS, Feb 8 (Reuters) - Germany and France want to overhaul EU mergers rules following the European Commission's veto of efforts by Siemens and Alstom to create a European rail champion to compete with larger foreign rivals. The French want a broader definition of relevant markets, recognition that markets are not set in stone but evolve quickly, and powers for EU ministers to override a Commission decision. Finance Minister Bruno Le Maire says this broader approach would go hand-in-hand with an already planned increase in vetting of foreign investment to protect Europe's key industrial assets, and also with a more muscular trade policy.
The merger proposal between the French and the German companies planned to create a European rail champion with revenues of about 15 billion euros ($17 billion). The merger proposal referred only to the companies' transport services and would have combined them into one new firm, solely controlled by Siemens.
have had their business hopes in Iraq dealt a blow, as the country’s electricity minister warned that bureaucracy and a lack of resources were hobbling his ability to complete huge energy deals with western multinationals. The agreements that GE and Siemens signed last year with the previous administration were intended to add 14 and 11 gigawatts to Iraq’s grid respectively.
TransDigm gets most of its revenue from proprietary aerospace parts, meaning it controls the patents and intellectual property behind the components and is often the sole provider of them. TransDigm’s private equity mentality and capital structure has led to at least 30 publicly disclosed acquisitions over the past decade, the biggest of which was its October agreement to acquire Esterline Technologies Corp. for about $4 billion. Fortive, meanwhile, is aggressively transitioning away from the cyclical, mediocre-growth industrial assets that Danaher Corp. put into the business when it spun it off in 2016.