Tag Archives: power

ABB to sell Power Grids division to Hitachi in $11 billion deal

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 TOKYO/ZURICH (Reuters) – ABB (ABBN.S) will sell 80.1 percent of its Power Grids division to Japan’s Hitachi (6501.T), the Swiss engineering group said on Monday, ...

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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 Swiss engineering group adding it ...

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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 grid business for up to ...

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India’s Modi stares at biggest election loss since coming to power

NEW DELHI (Reuters) – India’s ruling party could lose power in three key states, four TV networks said on Tuesday, citing votecount leads, potentially handing Prime Minister Narendra Modi his biggest defeat since he took office in 2014, and months ahead of a general election. FILE PHOTO: India’s Prime Minister Narendra Modi attends a presentation of a joint statement with ...

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Armenians vote in election testing revolution’s power shift

YEREVAN (Reuters) – Armenians began voting in an early parliamentary election as acting prime minister Nikol Pashinyan sought a stronger mandate, having been elected by lawmakers to the post in May following a peaceful revolution earlier this year. FILE PHOTO: Armenia’s acting Prime Minister Nikol Pashinyan attends a meeting of the Supreme Eurasian Economic Council in St. Petersburg, Russia December ...

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Early election in Armenia set to cement revolution’s power shift

YEREVAN (Reuters) – Armenians vote on Sunday in an early parliamentary election initiated by acting Prime Minister Nikol Pashinyan, who aims to bolster his authority after sweeping to power in a peaceful revolution earlier this year. FILE PHOTO: Armenia’s acting Prime Minister Nikol Pashinyan attends a meeting of the Supreme Eurasian Economic Council in St. Petersburg, Russia December 6, 2018. ...

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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 unit of the General Electric ...

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Britain’s MI6 spymaster cautions Russia but eyes China’s growing power

ST ANDREWS, Scotland (Reuters) – The chief of Britain’s foreign intelligence service warned the Kremlin on Monday not to underestimate the West after a brazen nerve agent attack on a retired double agent in England stoked fears about Russian covert activity abroad. FILE PHOTO: MI6 chief Alex Younger speaks at MI6’s Vauxhall Cross headquarters in central London, in this still ...

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