Connect to share and comment

Shares in French giant Alstom leap on rumoured GE bid

Shares in French engineering group Alstom, which builds power-generating equipment and high-speed trains, shot up nearly 14.0 percent in early trading on Thursday on rumours that US General Electric may make a takeover bid. Alstom, issued a statement to say that it had no knowledge of any such offer from General Electric (GE). Alstom shares, which surged initially by about 17.0 percent, shortly after were showing a gain of 13.87 percent to 27.72 euros on the Paris stock which was showing an overall advance of 0.54 percent.

Japan PM Abe and U.S. President Obama - what's in a name?

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe may have hoped to demonstrate his personal ties with President Barack Obama during the U.S. leader's state visit to Tokyo - but if how they addressed each other in public was any gauge, the effort fell a little short. Ronald Reagan and Japanese Prime Minister Yasuhiro Nakasone set the gold-standard for chummy relations between leaders of the two allies back in the 1980's, when they famously called each other by the nicknames "Ron" and "Yasu".

Oregon asks firm to stop using fetal tissue from BC to generate power

PORTLAND, Ore. - An Oregon county commission has ordered an incinerator to stop accepting boxed medical waste to generate electricity after learning the waste it's been burning may include tissue from aborted fetuses from British Columbia. Sam Brentano, chairman of the Marion County board of commissioners, said late Wednesday the board is taking immediate action to prohibit human tissue from future deliveries at the plant that has been turning waste into energy since 1987.

Canada poised for an export boom as U.S., global economies improve: EDC

OTTAWA - A new forecast from the federal export agency predicts Canada's economy is on the threshold of stronger growth thanks to a long-awaited recovery in the export sector. Export Development Canada says renewed strength in the United States and in emerging markets, along with a lower loonie, will trigger a rebound in the lagging export sector, particularly in automobiles, building materials and appliances. EDC chief economist Peter Hall says the volume of shipments will likely start taking off in the second half of this year and expand to 5.8 per cent growth in 2015.

Obama vows U.S. will defend Japan over Senkakus

Standing alongside Prime Minister Shinzo Abe, U.S. President Barack Obama said Thursday the Senkaku Islands fall under the Japan-U.S. security treaty in a show of U.S. commitment to defending the Japanese-administered islands against any attempt by China to seize them by force.

Policeman guns down three US citizens at Kabul hospital

An Afghan policeman opened fire Thursday on staff at a Kabul hospital run by a US charity, killing three Americans in the latest deadly attack targeting foreign civilians in the city. The gunman was injured in the incident outside the CURE International hospital and detained by police, officials said, adding that the motive behind the shooting was not immediately known. "The attacker was a member of the police in the district," Seddiq Sediqqi, spokesman for the interior ministry, told AFP.

Hyundai Motor's earnings dip 2.9 pct to 2.03 tln won in Q1

SEOUL, April 24 (Yonhap) -- Hyundai Motor Co., South Korea's largest automaker, said Thursday its net earnings for the first quarter dipped 2.9 percent on-year to 2.03 tln won (US$1.95 billion) mainly due to unfavorable foreign exchange rates. Operating profit rose 3.7 percent to 1.93 trillion won in the same period, with sales numbers rising to 21.45 trillion won, a 1.5 percent increase compared with the year before, the company said in a regulatory filing.

Hyundai Motor's earnings dip 2.9 pct to 2.03 tln won in Q1

SEOUL, April 24 (Yonhap) -- Hyundai Motor Co., South Korea's largest automaker, said Thursday its net earnings for the first quarter dipped 2.9 percent on-year to 2.03 trillion won (US$1.95 billion) mainly due to unfavorable foreign exchange rates. Operating profit rose 3.7 percent to 1.94 trillion won in the same period, with sales numbers rising to 21.65 trillion won, a 1.3 percent increase compared with the year before, the company said in a regulatory filing.

Abe, Obama stress security pact, standoff on free trade remains

Prime Minister Shinzo Abe and President Barack Obama on Thursday stressed that the Japan-U.S. alliance will help secure peace and prosperity in the Asia-Pacific region, while Obama urged Tokyo to improve market access for foreign companies under a Pacific free trade accord.

Apple again ordered to pay damages over patent violation in Japan

Japan's Intellectual Property High Court on Thursday ordered Apple Inc. of the United States to pay some 330 million yen (about $3.2 million) in damages to a Japanese inventor for a patent infringement involving Apple's iPod music player. The high court ruling follows a Tokyo District Court order last September that Apple pay about 330 million yen to Norihiko Saito, 57, for violating his patent endorsed in 2006 on technology for the Click Wheel controller. Apple has used the technology for the music player in Japan since 2004.
Syndicate content