|Bid||0.00 x 44200|
|Ask||0.00 x 100000|
|Day's Range||91.82 - 94.86|
|52 Week Range||90.85 - 121.70|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||16.86|
|Earnings Date||May 8, 2019|
|Forward Dividend & Yield||3.80 (4.12%)|
|1y Target Est||N/A|
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, ...
European Union antitrust rules could be reformed to introduce a two-stage review of mergers that would examine competition issues and then broader public interests, said the head of a German commission tasked with coming up with reforms proposals. 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. Achim Wambach, who heads the German commission charged with presenting reform proposals, said a two-stage review of mergers could first look at competition issues and then at broader public interests - such as security issues and the impact on consumers.
When she defied France and Germany to end Siemens and Alstom’s ambitions to create a European rail champion, Margrethe Vestager risked scuppering an EU dream of her own: taking Brussels’ top job. Other candidates for commission president can hardly hide their glee. The EU competition enforcer remains on a shortlist of politicians linked with the job after emerging as the standout star of this commission, with qualities particularly appreciated by Emmanuel Macron: she befriended the French president at a time when his ambitions were written off by many and his support this time would be essential to her prospects.
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.
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 ...
Above the sea, just off the coast of western Taiwan, long white steel blades churn slowly through thick morning smog: the country’s first two offshore wind turbines are a symbol of the government’s plans to spend billions of dollars to develop massive offshore wind farms so it can slash the amount of coal burnt to power the island’s factories. The change, announced in November and only partially unwound on January 30, was a blow to international developers, engineers and banks that had flocked to Taiwan over the past two years to take part in what promised to be one of the world’s fastest growing offshore wind markets, projected to bring in $30bn of investment to the country by 2025.
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.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Siemens Aktiengesellschaft (FRA:SIE) maintained its current shareRead More...
chief executive, of the proposed deal that was vetoed by Brussels’ competition enforcers. , failed in its bid for EU merger clearance so spectacularly, or ignited a debate with such wide-ranging consequences for how Europe polices its economy in an age of Chinese economic expansion. chief executive, announced plans to merge the German group’s train division with French-rival Alstom in September 2017, he employed the fatal phrase as he cast the deal as part of the wider European project.
FT premium subscribers can click here to receive Due Diligence every day by email. There are five things that all profiles of Margrethe Vestager must include, according to one close follower of all things EU. After being heavily leaned on by powerful European finance ministers and corporate titans, Vestager, the EU’s competition tsar, gave the dealmaking equivalent of the middle finger to the combination of France’s Alstom and Germany’s Siemens.
Germany will seek a reform of European Union (EU) competition regulations following the decision by the European Competition Directorate to reject Siemens' and Alstom's application to merge their rail businesses. The German government will hold the EU presidency in the second half of 2020 and it will push for changes in unison with its French counterparts.
LONDON/MONTREAL (Reuters) - The European Commission's decision to block a tie-up between Alstom and Germany's Siemens is fuelling speculation over possible merger talks between the French rail business and Canada's Bombardier, lifting both companies' shares on Wednesday. EU anti-trust regulators rejected the Alstom-Siemens deal, saying that it would have hurt competition and led to higher prices for consumers, despite concessions offered by the companies. Following the news, Berenberg analysts upgraded Alstom to a 'buy' rating and set a new price target of 42 euros ($47.9), noting that Alstom may now seek an alternative deal with Bombardier's Berlin-based transportation division.
French Finance Minister Bruno Le Maire speaks to CNBC’s Hadley Gamble about the rejected rail merger between Siemens and Alstom.