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 ...

| Jun 12, 2014

Mitsubishi eyes bid for Alstom turbine unit

by Elaine Kurtenbach

The possible bid by Mitsubishi Heavy Industries for the turbine businesses of French engineering firm Alstom is part of Japanese efforts to carve out a share of the lucrative global energy infrastructure business. Mitsubishi Heavy and German rival Siemens AG said Wednesday they are ...

Feb 27, 2014

GE bets big on wind power in Japan

General Electric Co. considers Japan ripe for new investment in wind power as the resource-poor country diversifies energy supply in light of the Fukushima disaster. The U.S. company has developed a 2.85-megawatt turbine for Japan that can withstand conditions unique to the country. It ...

Jan 31, 2014

Firms that made No. 1 plant sued

by Mari Yamaguchi

Some 1,400 people file a joint lawsuit against three companies that manufactured the Fukushima No. 1 nuclear plant, saying they should be financially liable for damage caused by its 2011 meltdowns.