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Midway Holding Board Proposes Write-Downs And Provisions In Unit

Wednesday, 17 Jan 2018 01:34am EST

Jan 17(Reuters) - MIDWAY HOLDING AB ::SAID ON TUESDAY THAT BOARD CLAIMS NEED FOR WRITE-DOWNS AND PROVISIONS IN UNIT HAKI AB.WRITE-DOWNS AND PROVISIONS AMOUNT TO SEK 40-60 MLN.ADJUSTMENTS TO BE MADE IN Q4 2017.

GE CEO Says Examining Options For Company's Businesses - Conf Call‍​

Tuesday, 16 Jan 2018 10:55am EST

Jan 16 (Reuters) - General Electric Co ::GE EXPECTS 2017 EPS TO BE AT THE LOW END OF ITS GUIDANCE - CONF CALL‍​.GE SAYS IMPACT FROM TAX REFORM IS ABOUT A $3.4 BILLION CHARGE TO BE RECORDED IN Q4 2017 - CONF CALL‍​.GE SAYS POWER BUSINESS CONTINUES TO BE CHALLENGING; INDUSTRIAL CFOA WILL EXCEED $7 BILLION 2017 GUIDANCE - CONF CALL‍​.GE CEO SAYS EXAMINING OPTIONS FOR THE COMPANY'S BUSINESSES INCLUDING "SEPARATELY TRADED ASSETS" IN ANY ONE OF ITS UNITS- CONF CALL‍​.GE CEO SAYS EXAMINING "MANY MANY DIFFERENT PERMUTATIONS" FOR ITS BUSINESSES - CONF CALL‍​.

GE- Review For GE Capital’S Run-Off Insurance Portfolio, Nalh, Will Result In An After-Tax GAAP Charge Of $6.2 Bln For Q4 2017

Tuesday, 16 Jan 2018 08:12am EST

Jan 16 (Reuters) - General Electric Co ::GE- REVIEW FOR GE CAPITAL’S RUN-OFF INSURANCE PORTFOLIO, NALH, WILL RESULT IN AN AFTER-TAX GAAP CHARGE OF $6.2 BILLION FOR Q4 2017.GENERAL ELECTRIC CO - INSURANCE REVIEW TO HAVE NO IMPACT TO INDUSTRIAL BUSINESS AND 2018 CAPITAL ALLOCATION PLAN‍​.GE- GE CAPITAL EXPECTS TO MAKE STATUTORY RESERVE CONTRIBUTIONS OF ABOUT $15 BILLION OVER SEVEN YEARS.GENERAL ELECTRIC CO - GE CAPITAL TO FUND CONTRIBUTIONS AND SUSPEND DIVIDEND TO GE FOR "FORSEEABLE FUTURE".GE- NALH’S PRIMARY REGULATOR APPROVED A PHASED CONTRIBUTION OF ABOUT $3 BILLION IN 1Q’18 AND ABOUT $2 BILLION ANNUALLY FROM 2019 THROUGH 2024.GE - ONGOING ACTIONS OVER NEXT TWO YEARS "TO MAKE GE CAPITAL SMALLER, MORE FOCUSED AND RESTORE ITS CAPITAL RATIOS TO APPROPRIATE LEVELS".GE - GOODWILL AND OTHER NON-CASH IMPAIRMENTS OF $1.8 BILLION AFTER-TAX RELATED TO GE CAPITAL ACTIONS‍​.GE - EXPECTS $9.5 BILLION PRE-TAX, $6.2 BILLION AFTER-TAX GAAP CHARGE IN Q4; $7.5 BILLION AFTER-TAX IMPACT AT 21% TAX RATE (POST U.S. TAX REFORM).GE CEO SAYS "CHARGE OF THIS MAGNITUDE FROM A LEGACY INSURANCE PORTFOLIO IN RUN-OFF FOR MORE THAN A DECADE IS DEEPLY DISAPPOINTING".

Siemens board member says will float "sensible" minority of Healthineers

Tuesday, 16 Jan 2018 05:22am EST

Jan 16 (Reuters) - Siemens Ag ::HEALTHINEERS SAYS TARGETS ADEQUATE CAPITAL STRUCTURE AT 1.5X LEVERAGE (NET DEBT INCL. PENSIONS / EBITDA) -SLIDES‍​.SAYS HEALTHINEERS TO REMAIN PART OF SIEMENS GROUP IN THE LONG TERM - SLIDES.BOARD MEMBER SEN SAYS SIEMENS WILL ACTIVELY ACCOMPANY HEALTHINEERS AS A LONG-TERM SHAREHOLDER.BOARD MEMBER SEN SAYS WILL FLOAT A "SENSIBLE" MINORITY SHARE OF HEALTHINEERS.

Vestas Appoints New CEO And Co-CEO For MHI Vestas Offshore Wind's Expansion

Tuesday, 16 Jan 2018 03:03am EST

Jan 16 (Reuters) - VESTAS SAYS::NEW CEO AND CO-CEO TO LEAD MHI VESTAS OFFSHORE WIND'S EXPANSION.TO APPOINT PHILIPPE KAVAFYAN TO CHIEF EXECUTIVE OFFICER (CEO) AND LARS BONDO KROGSGAARD TO CO-CHIEF EXECUTIVE OFFICER (CO-CEO) OF MHI VESTAS OFFSHORE WIND.AFTER FOUR YEARS LEADING MHI VESTAS OFFSHORE WIND, CURRENT CEO JENS TOMMERUP ANDCO-CEO TETSUSHI MIZUNO HAVE DECIDED TO LEAVE THE ORGANISATION.

Aspinwall & Co Says Sub-Collector Office Ordered Shutdown Of Ops At Co's Coir Manufacturing Facility

Monday, 15 Jan 2018 05:26am EST

Jan 15 (Reuters) - Aspinwall & Co Ltd ::OFFICE OF SUB-COLLECTOR ISSUED ORDERS TO SHUT DOWN OPERATIONS AT CO'S COIR MANUFACTURING FACILITY AT POLLACHI TILL CERTIFICATE FROM POLLUTION CONTROL BOARD IS FURNISHED.TOOK UP MATTER WITH LEGAL COUNSEL TO GET STAY FOR THE SAID ORDER OR GET REVOCATION OF THE ORDER.

Last day of trading in Arcam will be Jan. 26 following GE deal

Thursday, 11 Jan 2018 11:40am EST

Jan 11 (Reuters) - Arcam Ab (Publ) ::THE BOARD OF ARCAM APPLIES FOR DE-LISTING AND GE INITIATES COMPULSORY REDEMPTION.ARCAM SAYS ‍LAST DAY OF TRADING IN ARCAM SHARE WILL BE FRIDAY, JANUARY 26​.

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