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At some point, maybe this one, more aggressive Southeast Asian contenders Vietnam and the Philippines will do more than shout back at China. They'll go on a weapons buying binge.
Domestic investment has grown for four straight months. Bank credit is accelerating on appetite from smaller companies. Does this look like a recession?
“I don’t see there being a land war or anything like that, but you’re going to have squabbles in the sea.” -Ralf Matthaes, Ho Chi Minh City business consultancy In-Focus.
Shares of General Electric (GE) are flat on heavy trading as France's government backed a bid by GE for the country's struggling Alstom engineering group.
Siemens (SIEGY) and Mitsubishi Heavy Industries (MHVYF) increased their joint bid on Alstoms energy business by 1 billion euros on Friday.
General Electric shareholders should not worry if the company loses out in its bid for France's Alstom -- in fact, it could be a blessing in disguise.
The French government gave General Electric (GE) until June 23 to increase its $12.4 billion bid to buy Alstom's energy business.
General Electric's (GE) rival for Alstom, Siemens (SIEGY), is in talks with Mitsubishi Heavy Industries (MHVYF) regarding a joint bid for the company's energy business.
Shares of Siemens (SI) are higher as the German engineering firm unveiled a restructuring in a move to catch up with more profitable competitors.
Western Digital said it would acquire Hitachi Global Storage Technologies.
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