Japan is set to accelerate its development of robots to secure a lead over rival nations, including the United States and Germany, as a new industrial revolution beckons. The world is "on the threshold of the fourth industrial revolution, a paradigm shift caused by robotics ...
GE Power & Water said it will stop manufacturing gas engines in Wisconsin and move the work to Canada, meaning the loss of 350 jobs in a Milwaukee suburb, because the U.S. Congress has failed to reauthorize the Export-Import bank. The plant in Waukesha, Wisconsin, ...
Mitsui & Co., Japan's largest trader of iron ore and oil, will partner with General Electric Co. in exploring ways to cut costs on mining operations amid the decline in commodity prices. The initial accord will also study potential cooperation on increasing efficiencies and improving ...
General Electric Co. will seek initial bids for its Japanese leasing business in late August, according to sources with knowledge of the situation. GE will distribute documents with information on the business to potential bidders later this month, the sources said, asking not to be ...
U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. There are about 195 pending transactions still in its ...
Boeing Co. grabbed an early lead in orders and commitments at the Paris Air Show over Airbus Group SE, piling up a haul valued at almost $18 billion with help from a surprise surge in wide-body demand. Airbus's first-day tally was $15 billion, according to ...
General Electric Co., sitting atop a record backlog of more than 15,000 engines, is prodding suppliers to be sure they can handle production that's poised to surge to the fastest ever. The efforts include periodically boosting demand on various parts makers to prepare for a ...
In February, Hitachi Ltd., the nation's largest maker of electric equipment and infrastructure systems, splurged on one of its priciest acquisitions. The target was the railway vehicle and signal businesses of Italy's Finmeccanica S.p.A., a deal estimated at over ¥250 billion. The move was in ...
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. Also ...
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 two ...
Two tenable shields are being created to protect nuclear power companies. The first is the state secrets law. The second is the Convention on Supplementary Compensation for Nuclear Damage.
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 ...
