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ABB Completes Baldor Acquisition - Analyst Blog
Monday, January 31, 2011 - 7:01pm | 418ABB Ltd. (ABB) recently completed its previously announced acquisition of a leading industrial motors company of North America, Baldor Electric Company, for $4.2 billion, including net debt of $1.1 billion. The transaction was initially announced on November 30, 2010. The acquisition helps in...
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ABB Completes Baldor Acquisition - Analyst Blog
Monday, January 31, 2011 - 6:51pm | 418ABB Ltd. (ABB) recently completed its previously announced acquisition of a leading industrial motors company of North America, Baldor Electric Company, for $4.2 billion, including net debt of $1.1 billion. The transaction was initially announced on November 30, 2010. The acquisition helps in...
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Suntech Wins Siemens Contract - Analyst Blog
Monday, January 31, 2011 - 6:01pm | 574Solar panel producer, Suntech Power Holdings Company Ltd. (STP) signed an agreement with German engineering conglomerate, Siemens AG (SI). Per the agreement Suntech will supply photovoltaic modules for Siemens planned European solar projects. Based in Wuxi, China, Suntech Power Holdings Company...
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Suntech Wins Siemens Contract - Analyst Blog
Monday, January 31, 2011 - 5:40pm | 574Solar panel producer, Suntech Power Holdings Company Ltd. (STP) signed an agreement with German engineering conglomerate, Siemens AG (SI). Per the agreement Suntech will supply photovoltaic modules for Siemens planned European solar projects. Based in Wuxi, China, Suntech Power Holdings Company...
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Zings Of The Day (CMCSA, GE)
Monday, January 31, 2011 - 4:48pm | 199Chrysler reported a $652 million full year loss, as the company continues to reorganize itself for a coming IPO in 2011. Just call Lee Iacocca. He'll get it whipped into shape in no time. Comcast (NASDAQ: CMCSA) completed its takeover of NBC Universal from GE (NYSE: GE) at midnight on Friday....
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ITW's 4Q Falls Short of Expectation - Analyst Blog
Monday, January 31, 2011 - 2:31pm | 851Illinois Tool Works Inc. (ITW) reported results for the fourth quarter of 2010 with earnings per share from continuing operations of 79 cents, down 19% from 98 cents in the comparable quarter of 2009. The results were below the Zacks Consensus Estimate of 80 cents, but were within management's...
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ITW's 4Q Falls Short of Expectation - Analyst Blog
Monday, January 31, 2011 - 2:00pm | 851Illinois Tool Works Inc. (ITW) reported results for the fourth quarter of 2010 with earnings per share from continuing operations of 79 cents, down 19% from 98 cents in the comparable quarter of 2009. The results were below the Zacks Consensus Estimate of 80 cents, but were within management's...
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Sravanthi Energy Selects GE Gas Turbine Technology
Monday, January 31, 2011 - 1:44pm | 119Sravanthi Energy has selected GE's (NYSE: GE) flexible gas turbine technology to help meet the growing demand for cleaner, more efficient ways to address the country's rapidly expanding energy needs. A new power plant in the Northern Indian city of Kashipur is expected to tap into India's growing...
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Revolt in Egypt: Two Investment Scenarios
Monday, January 31, 2011 - 1:19pm | 528By James Anderson With regard to the events in Egypt, I am here to try to help you decide if you need to make immediate adjustments to your financial portfolio. Obviously, any thoughts that get published here could be irrelevant 10 minutes after it is posted, so I try to approach the situation...
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GE Oil & Gas Selected for $120M Naturgas Pipeline Upgrade
Monday, January 31, 2011 - 12:11pm | 99GE Oil & Gas (NYSE: GE) has been awarded a contract of more than $120 million (€90 million) to overhaul nine gas turbines located at four compression stations along the Trans Europa Naturgas Pipeline (TENP), which runs across Germany from the Dutch to the Swiss border. GE Oil & Gas will...
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GE Signs 10-Year Wind Services Agreement in Europe with Cobra Energia
Monday, January 31, 2011 - 11:46am | 61GE (NYSE: GE) has signed a 10-year contract with Spanish wind developer Cobra Energia to provide advanced services for 178 GE wind turbines installed at eight wind farms across Spain. The agreement is GE's largest wind energy services contract in Europe and reinforces the company's position in...
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Tyco Gets Leaner As The Company Moves On From Its Former CEO's Conviciton
Monday, January 31, 2011 - 11:26am | 395Former Tyco International (NYSE: TYC) CEO, Dennis Kozlowski was convicted of using Tyco's funds, as his own. For many investors, this rain cloud has been over their head for years. Now that Tyco has cleaned up its act, bulls have come out and said that Tyco is a leaner industrial machine, scandal...
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Tyco Gets Leaner As The Company Moves On From Its Former CEO's Conviciton
Monday, January 31, 2011 - 11:26am | 395Former Tyco International (NYSE: TYC) CEO, Dennis Kozlowski was convicted of using Tyco's funds, as his own. For many investors, this rain cloud has been over their head for years. Now that Tyco has cleaned up its act, bulls have come out and said that Tyco is a leaner industrial machine, scandal...
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J.P. Morgan Discusses Massey energy Deal (MEE, ANR)
Monday, January 31, 2011 - 10:06am | 232J.P. Morgan Chase & Co. is out with a research report on the Massey Energy (NYSE: MEE)-Alpha Natural Resources (NYSE: ANR). In a note to clients, J.P. Morgan writes, "Massey has agreed to a $69 per share mainly stock deal with Alpha Natural Resources (ANR). Press commentary suggests that Arch...
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NRG Energy in JV for New Technology - Analyst Blog
Monday, January 31, 2011 - 10:01am | 742Three big energy companies, NRG Energy Inc. (NRG), General Electric Co. (GE), and ConocoPhillips (COP), have entered into a joint venture to invest in projects that would foster newer developments and research in paradigm shifting energy technology. The three companies jointly pooled in $300...