newszine

ABB relents to activist shareholder and unloads Power Grids unit

10 hours ago DieselGasoil Comments Off on ABB relents to activist shareholder and unloads Power Grids unit
TOKYO/ZURICH (Reuters) – ABB (ABBN.S) will sell a majority stake in its Power Grids division to Japan’s Hitachi (6501.T) and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters. A man takes pictures of the logo of Swiss power technology and automation group Read More

ABB to sell Power Grids to Hitachi, revamp business structure

12 hours ago DieselGasoil Comments Off on ABB to sell Power Grids to Hitachi, revamp business structure
A man takes pictures of the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company’s full year results, in Zurich, Switzerland, February 8, 2018. REUTERS/Moritz Hager ZURICH (Reuters) – ABB (ABBN.S) reached a deal with Japan’s Hitachi (6501.T) to sell its Power Grids division, with the Read More

Hitachi to announce purchase of ABB's power grid business Monday: Nikkei

15 hours ago DieselGasoil Comments Off on Hitachi to announce purchase of ABB's power grid business Monday: Nikkei
A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Hitachi Ltd (6501.T) and ABB (ABBN.S) will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power Read More

Siemens to shut Texas turbines service facility, dismiss workers

6 days ago DieselGasoil Comments Off on Siemens to shut Texas turbines service facility, dismiss workers
FILE PHOTO: The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany, October 31, 2018. REUTERS/Hannibal Hanschke/File Photo HOUSTON (Reuters) – German engineering firm Siemens (SIEGn.DE) plans to dismiss about 200 workers at a gas turbines parts and components service center in Houston, Texas, next year due to weaker global demand, a Read More

Hitachi shares rise after report it is considering scrapping Britain nuclear project

1 week ago DieselGasoil Comments Off on Hitachi shares rise after report it is considering scrapping Britain nuclear project
FILE PHOTO: A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, Oct. 2, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Hitachi Ltd (6501.T) shares rose as much as 2.9 percent on Monday after Japan’s TV Asahi reported the firm is Read More

Exclusive: GE's push to fix power turbine problem goes global

2 weeks ago DieselGasoil Comments Off on Exclusive: GE's push to fix power turbine problem goes global
NEW YORK (Reuters) – Utilities are shutting down at least 18 of General Electric Co’s (GE.N) newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and industry experts. A worker walks past a gas turbine under construction at the gas turbines production Read More

GE shakes up power unit leadership, taps retired exec to help

4 weeks ago DieselGasoil Comments Off on GE shakes up power unit leadership, taps retired exec to help
(Reuters) – General Electric Co (GE.N) shook up its ailing power business again on Monday, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western Read More

GE taps retired executive, names leaders for ailing power unit

4 weeks ago DieselGasoil Comments Off on GE taps retired executive, names leaders for ailing power unit
(Reuters) – General Electric Co named new leaders for its ailing power business on Monday, appointing Scott Strazik as CEO for gas power and bringing longtime GE executive John Rice back from retirement in an advisory role. FILE PHOTO: General Electric (GE) Vice Chairman John Rice attends the GE Minds and Machines Summit in Shanghai, Read More

PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan

1 month ago DieselGasoil Comments Off on PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan
November 15, 2018; Oslo, Norway: PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (“JOGMEC”) an incorporated administrative agency of Ministry of Economy Trade and Industry. PGS has now been informed that the Company is the preferred tenderer, and negotiations will Read More

Japan's corporate image hit by falsification scandal: poll

1 month ago DieselGasoil Comments Off on Japan's corporate image hit by falsification scandal: poll
FILE PHOTO – People cross a street in a business district in Tokyo, Japan, February 16, 2016. REUTERS/Thomas Peter TOKYO (Reuters) – Almost three-quarters of Japanese firms said the recent data falsification scandal involving KYB Corp, a maker of earthquake shock absorbers, has hurt Japan’s corporate image, a Reuters poll found, although few saw any Read More