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GE Hitachi Seeks License Extension - Analyst Blog
Thursday, December 9, 2010 - 5:33pm | 569GE Hitachi Nuclear Energy has applied to the U.S. Nuclear Regulatory Commission to renew certification of its Advanced Boiling Water Reactor (ABWR) technology design. It enables predictability of costs for building new nuclear power plants. The company, a collaboration between General Electric...
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ABB Strengthens Software Portfolio - Analyst Blog
Thursday, December 9, 2010 - 5:31pm | 604Recently, ABB Ltd. (ABB) entered into an agreement to acquire a US based privately owned specialist software provider, Insert Key Solutions (IKS). ABB will include the solutions from IKS to that of Ventyx software portfolio, acquired by the company in May 2010. The IKS portfolio matches with ABB'...
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GE Hitachi Seeks License Extension - Analyst Blog
Thursday, December 9, 2010 - 5:19pm | 569GE Hitachi Nuclear Energy has applied to the U.S. Nuclear Regulatory Commission to renew certification of its Advanced Boiling Water Reactor (ABWR) technology design. It enables predictability of costs for building new nuclear power plants. The company, a collaboration between General Electric...
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Walter Energy Shooting Up 4%
Thursday, December 9, 2010 - 3:54pm | 147Walter Energy, Inc. (NYSE: WLT) is shooting up higher today, gaining more than 4% on extremely heavy volume. Coal stocks, like Peabody (NYSE: BTU) and Alpha Natural Resources (NYSE: ANR) are continuing to run, and Walter Energy is a part of this group. This comes as demand both here and abroad...
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Danaher Closes Keithley Acquisition - Analyst Blog
Thursday, December 9, 2010 - 3:03pm | 503Washington-based, Danaher Corporation (DHR) completed its previously announced acquisition of Keithley Instruments Inc (KEI). The transaction was unanimously approved by Keithley's board of directors in September, 2010. As per the terms of the transaction, Danaher acquired all the outstanding...
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Danaher Closes Keithley Acquisition - Analyst Blog
Thursday, December 9, 2010 - 2:33pm | 503Washington-based, Danaher Corporation (DHR) completed its previously announced acquisition of Keithley Instruments Inc (KEI). The transaction was unanimously approved by Keithley's board of directors in September, 2010. As per the terms of the transaction, Danaher acquired all the outstanding...
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GE and Ingersoll Rand Launch Sign Agreement to Build Automation Platform For Data Centers
Thursday, December 9, 2010 - 11:57am | 80GE Intelligent Platforms (NYSE: GE) and Ingersoll-Rand Plc (NYSE: IR) today announced the signing of a cooperative agreement to develop an automation platform to meet the energy and operational efficiency needs of data centers. The two companies will work together to develop intelligent offerings...
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Pratt & Whitney Assembles Rocket Engine - Analyst Blog
Thursday, December 9, 2010 - 10:03am | 474Pratt & Whitney Rocketdyne has completed assembling the oxidizer turbo pump on NASA's J-2X rocket engine, in the run-up to the testing at Stennis Space Center, Missourie, scheduled in 2011. Pratt & Whitney Rocketdyne is a United Technologies Corporation (UTX) Company. Assembling of the...
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GE Energy Financial Services Hits $6.0B Renewable Energy Investing Target
Thursday, December 9, 2010 - 9:34am | 44GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it reached its multi-year target of building a $6 billion portfolio of renewable energy investments by the end of 2010, inspired by GE's ecomagination initiative.
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Pratt & Whitney Assembles Rocket Engine - Analyst Blog
Thursday, December 9, 2010 - 9:15am | 474Pratt & Whitney Rocketdyne has completed assembling the oxidizer turbo pump on NASA's J-2X rocket engine, in the run-up to the testing at Stennis Space Center, Missourie, scheduled in 2011. Pratt & Whitney Rocketdyne is a United Technologies Corporation (UTX) Company. Assembling of the...
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GE Capital and JCB Launch Financing Program to Construction Equipment Dealers
Thursday, December 9, 2010 - 9:13am | 46GE Capital (NYSE: GE) and JCB announced today an agreement to provide financing to JCB's U.S. dealerships; this new arrangement allows them to better manage wholesale floor planning by obtaining more flexible payment terms and increased liquidity.
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Citi Has $23 Target On McDermott International
Thursday, December 9, 2010 - 8:58am | 152Citi Investment Research has a Buy rating and a $23 price target on McDermott International Inc (NYSE: MDR). In a note sent to investors Citi writes, "Since the start of regular way trading on 8/2/2010, MDR has generated a total return of 59%, which compares favorably to the total return of 22% and...
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3M Provides 2011 Outlook - Analyst Blog
Wednesday, December 8, 2010 - 3:39pm | 7373M Company (MMM) has reaffirmed its earnings expectation for 2010 and declared its outlook for 2011. The company targets to achieve sales in the range of $29 billion to $30.5 billion in 2011, representing a year-over-year organic growth of 5.5% to 7.5%. This includes positive currency effect of...
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3M Provides 2011 Outlook - Analyst Blog
Wednesday, December 8, 2010 - 3:04pm | 7373M Company (MMM) has reaffirmed its earnings expectation for 2010 and declared its outlook for 2011. The company targets to achieve sales in the range of $29 billion to $30.5 billion in 2011, representing a year-over-year organic growth of 5.5% to 7.5%. This includes positive currency effect of...
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Illinois Acquires Car Care Business - Analyst Blog
Wednesday, December 8, 2010 - 1:33pm | 509Illinois Tool Works Inc. (ITW), in an effort to expand its car care solutions business globally, announced an agreement to acquire Shell SOPUS Products' car care business for an undisclosed amount. The accomplishment of the deal is subject to the approval of the regulatory authorities. The...