Apr 21, 2015

GE said to be in talks with Blackstone, Mitsubishi on sale of assets

General Electric Co. is discussing the sale of parts of its finance business, including the $74 billion U.S. commercial-lending unit, with potential buyers including Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Wells Fargo & Co., said people with knowledge of the matter. ...

Dec 12, 2014

GE, Hitachi reactor design heads toward approval in Britain

GE and Hitachi have cleared the next regulatory hurdle toward permission for the use of their joint nuclear reactor design in Britain after the government awarded it a so-called regulatory justification. Hitachi plans to build up to five UK Advanced Boiling Water Reactors at ...

Jun 22, 2014

Mitsubishi Heavy, Siemens to reflect after losing Alstom bid

Mitsubishi Heavy Industries Ltd. and Siemens AG of Germany need to review their business strategy now that the French government has chosen General Electric Co.’s rival bid for the energy-related operations of Alstom SA. Mitsubishi Heavy said in a statement it “acknowledges and regrets ...

Paris picks GE for Alstom

Jun 21, 2014

Paris picks GE for Alstom

France chose General Electric to form an alliance with the power and rail company Alstom on Friday, rejecting an offer from Siemens and Mitsubishi Heavy Industries (MHI), but said the deal still needs some work and the government will buy a 20 percent stake ...

Jun 20, 2014

MHI-Siemens' offer for Alstrom improved

Mitsubishi Heavy Industries Ltd. and Siemens AG have improved their offer for Alstom SA on Friday, raising the stakes in the takeover battle with General Electric Co. for the French maker of high-speed trains and power equipment. Siemens and Mitsubishi Heavy raised the cash ...

Mitsubishi, Siemens file joint Alstom bids

Jun 17, 2014

Mitsubishi, Siemens file joint Alstom bids

Engineering giants Mitsubishi Heavy Industries and Siemens of Germany on Monday jointly offered to buy parts of France’s Alstom and start a long-term partnership, a move that could derail a competing bid by General Electric. Siemens AG said it is offering €3.9 billion ($5.3 ...