Industrial Conglomerates

Mitsubishi updates on stake transaction in subsidiaries

Mitsubishi Corp:Mitsubishi to transfer 13,300,000 shares (70 pct stake) held in its consolidated subsidiary Alpac Forest Products Inc. and its 1,750,001 shares (100 pct stake) held in Alpac Pulp Sales Inc. to Hokuetsu Kishu Paper Co., Ltd, in late June.Transaction price of C$51.8 mln.Says to hold no...

Friday, 27 Mar 2015 02:00am EDT

Siemens won German trains order worth more than 1.7 bln euros

Siemens AG:Siemens SIEGn.DE has won a trains and maintenance order worth more than 1.7 billion euros.Said it is the largest regional rail transport order the German industrial group has ever received in its home country.Siemens will supply 82 Desiro trains and provide maintenance for 32 years. The...

Thursday, 26 Mar 2015 07:33am EDT

Aurelius AG eyes 2015 acquisitions of at least 2014 level, announces increase in dividend

Aurelius AG:Recommends a dividend increase to euro 2.00 per share (2013: euro 1.05).Acquisitions involving Tavex Group's European Business and Coats' European Craft Business expected to be completed in Q2 of 2015.Still has well-filled transaction pipeline and is working intensively on completion of...

Thursday, 26 Mar 2015 02:30am EDT

General Electric Co expands job cuts at Lufkin oil unit to 575 from 330 - Reuters

General Electric Co:It increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices - Reuters.The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping...

Wednesday, 25 Mar 2015 09:12pm EDT

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