BREAKING NEWS

Alstom

Business

US fines drive Alstom into loss

Despite rises in both income and sales French transport and power firm Alstom turned a loss last year to the tune of 719 million euros. The

Despite rises in both income and sales French transport and power firm Alstom turned a loss last year to the tune of 719 million euros. The

Business

Alstom near bribery settlement with US Justice Dept

French firm Alstom has confirmed it is talking with the US Department of Justice on the terms of settling a major bribery case. The power turbine

French firm Alstom has confirmed it is talking with the US Department of Justice on the terms of settling a major bribery case. The power turbine

Business

GDF Suez shares slip as French government sell part of stake

Shares of GDF Suez fell 2.5 percent on Wednesday after the French government sold part of its stake in the gas and power group – offloading 3.1

Shares of GDF Suez fell 2.5 percent on Wednesday after the French government sold part of its stake in the gas and power group – offloading 3.1

Business

'Good deal' for France, claims Alstom chief

The boss of French rail and energy group Alstom claimed victory on Monday following the firms decision to sell off its power generation arm to

The boss of French rail and energy group Alstom claimed victory on Monday following the firms decision to sell off its power generation arm to

News

French government agrees to buy 20% of Alstom

The French government has agreed to buy a 20% stake of rail and energy company Alstom from industrial group Bouygues. This meets a condition set by

The French government has agreed to buy a 20% stake of rail and energy company Alstom from industrial group Bouygues. This meets a condition set by

Business

French favour General Electric offer for Alstom

The ongoing battle for control of Alstom’s energy arm has undergone a further twist. The French government appears to favour the General Electric

The ongoing battle for control of Alstom’s energy arm has undergone a further twist. The French government appears to favour the General Electric

Business

General Electric to present revised plan for Alstom

General Electric is in talks with France to secure its bid to buy Alstom’s energy assets. The US company is reportedly set to offer an independent

General Electric is in talks with France to secure its bid to buy Alstom’s energy assets. The US company is reportedly set to offer an independent

Business

Siemens and Mitsubishi present offer to Alstom

German engineering company Siemens and Japan’s Mitsubishi have presented a joint offer to France’s Alstom that includes seven billion euros in

German engineering company Siemens and Japan’s Mitsubishi have presented a joint offer to France’s Alstom that includes seven billion euros in

Business

Hitachi wants in on possible Mitsubishi-Siemens bid for Alstom

Hitachi has become the second Japanese engineering firm – along with Mitsubishi Heavy Industries – to express an interest in joining Germany’s

Hitachi has become the second Japanese engineering firm – along with Mitsubishi Heavy Industries – to express an interest in joining Germany’s

Business

France moves to block foreign takeovers in 'strategic' sectors

Foreign firms wanting to buy a French company will have to get the approval of the Economy Minister Arnaud Montebourg from now on. A government

Foreign firms wanting to buy a French company will have to get the approval of the Economy Minister Arnaud Montebourg from now on. A government

Business

Business Weekly: Alstom, the US slowdown and IMF aid for Ukraine

The Alstom saga is far from over. The battle for the French company has intensified as General Electric and Siemens’ CEOs both met with President

The Alstom saga is far from over. The battle for the French company has intensified as General Electric and Siemens’ CEOs both met with President

News

Alstom accepts offer from GE but Siemens could counterbid

The board of the French engineering group Alstom has accepted a $12bn offer (8.6bn euros) for its energy arm from General Electric (GE). Alstom is

The board of the French engineering group Alstom has accepted a $12bn offer (8.6bn euros) for its energy arm from General Electric (GE). Alstom is

Business

France focuses on jobs in Alstom takeover battle

Alstom workers worried about their jobs protested at its Paris headquarters and other plants in France on Tuesday. As they did, it emerged that it

Alstom workers worried about their jobs protested at its Paris headquarters and other plants in France on Tuesday. As they did, it emerged that it

News

Germany's Siemens and France's Alstom in Brazil corruption probe

Two major European firms are among 18 being probed in Brazil over allegations of corruption and price-fixing, it’s emerged. German conglomerate

Two major European firms are among 18 being probed in Brazil over allegations of corruption and price-fixing, it’s emerged. German conglomerate

Business

Alstom's fund raising raises eyebrows

An unexpected move by Alstom to increase its capital in order to fund acquisitions has raised concerns about its financial strength. The French

An unexpected move by Alstom to increase its capital in order to fund acquisitions has raised concerns about its financial strength. The French