Industrial Conglomerates (TRBC)

GE unit orders 25 Airbus jets including 12 Rolls-powered A330neo: sources

November 8, 2019

PARIS (HeadlineNews) – Leasing giant GECAS, the aircraft leasing subsidiary of General Electric (GE.N), has ordered 25 Airbus (AIR.PA) aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said. FILE PHOTO: The logo of U.S. conglomerate General Electric is seen on the company building […]

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Toshiba sues former employee of U.S. unit, citing fraud

October 30, 2019

FILE PHOTO: The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato TOKYO (HeadlineNews) – Toshiba Corp said on Thursday it filed a lawsuit against a former employee of a U.S. unit for conspiring with a contractor and defrauding the Japanese industrial conglomerate. Toshiba said in […]

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Saudi Arabia faces reality check as Wall Street heads to Riyadh

October 24, 2019

DUBAI (HeadlineNews) – Wall Street’s heavy hitters are back in Saudi Arabia but the terms of engagement have changed. FILE PHOTO: View shows the King Abdullah Financial District, north of Riyadh, Saudi Arabia, March 1, 2017. REUTERS/Faisal Al Nasser The CEOs of Citigroup (C.N) and Credit Suisse (CSGN.S), as well as the heads of fund […]

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