Helicopter-maker AgustaWestland has been awarded two Ministry of Defence contracts worth £760 million which will secure more than 1,000 jobs in the UK.
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Saturday 16 April 2011
A High Court judgment yesterday opened the way for General Electric (GE) to face a multimillion-pound compensation claim over the collapsed German airliner Blue Wings.
Monday 04 April 2011
Workers used a milky white dye today as they frantically tried to trace the path of highly radioactive water gushing near Japan's tsunami-damaged nuclear plant and seeping into the ocean.
Wednesday 30 March 2011
The radioactive core in one reactor at Fukushima's beleaguered nuclear power plant appeared to have melted through the bottom of its containment vessel, an expert warned yesterday, sparking fears that workers would not be able to save the reactor and that radioactive gases could soon be released into the atmosphere.
Friday 18 March 2011
The unfolding crisis at the Fukushima Daiichi nuclear plant has put a harsh spotlight on General Electric, the giant US conglomerate which built parts of the plant and which had been hoping to benefit from a renaissance in nuclear power that now looks to be on hold.
Wednesday 16 March 2011
Surging radiation levels forced Japan to order emergency workers to temporarily withdraw from its crippled nuclear plant today, losing time in a desperate operation to cool the overheating reactors — the most urgent crisis from last week's devastating earthquake and tsunami.
Wednesday 16 March 2011
World markets suffered a dramatic series of losses yesterday, with fears of a potential nuclear disaster in Japan hitting stock, metal and oil prices.
Tuesday 15 February 2011
The oil services group John Wood has struck a deal to offload its well support unit, netting $2.8bn by selling the division to the US industrial giant General Electric.
Tuesday 08 February 2011
President Barack Obama yesterday threw down a challenge to American business to "get in the game" and start spending some of the $2 trillion (£1.2trn) sitting on corporate balance sheets to create new jobs and boost the sluggish national economy.
Monday 24 January 2011
Friday 21 January 2011
Monday 17 January 2011
Hi-tech manufacturers are Britain's most confident companies, research reveals today, with almost half planning recruitment sprees this year.
Tuesday 14 December 2010
General Electric is to buy UK oil and gas services group Wellstream Holdings for £785m. After two earlier rejections, Wellstream – which employs more than 850 people – yesterday finally accepted the US giant's increased bid of 780p per share plus a £6m special dividend for Wellstream shareholders. The group will be integrated into GE's existing Oil & Gas division, which focuses on surface and sub-sea drilling systems. Wellstream is one of the world's largest makers of flexible pipes for the oil industry. GE was also attracted by its strong presence in Brazil, which is a fast-growing market helped by a slew of discoveries in the Santos Basin. GE was not the only company sniffing around Wellstream. Rivals bidders for the UK group included National Oilwell Varco.
Tuesday 07 December 2010
The chief executive of Pfizer stepped down unexpectedly yesterday, blaming exhaustion from the "extremely demanding" job and relishing the opportunity to "recharge" his batteries.
Tuesday 26 October 2010
Thursday 07 October 2010
The oil industry services group Wellstream Holdings has rejected a £755m bid from giant US conglomerate General Electric.
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