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BUSINESS BRIEFS.(TO THE POINT)
DIVERSIFIED
PMI buys GE bond insurance unit
A consortium led by PMI Group will buy all but 5% of GE's Federal Guaranty Insurance for $1.88 bil. GE also keeps $235 mil in preferred stock. The long-awaited deal will make the firm a separate entity 42% owned by PMI. Blackstone Group and Cypress Group will each own 23% and Bank of America's private equity arm, CIVC Partners, gets 7%.
EU provisos on GE buy too weak?
That's what critics in the medical equipment market say about conditions placed on GE's $2 bil buy of Instrumentarium. To maintain competition in the perioperative monitor segment, officials want GE to sell Instrumentarium's Spacelabs unit and license technology to the buyer. But critics say the buyer still won't pose much competition.
** The EU's Mario Monti is wary after recent EU court rulings against him as well as his '01 rejection of GE's planned Honeywell buy, which soured U.S.-EU relations.
TRANSPORTATION
- Union Pacific, GE Energize Nation With New Locomotive Shop.
- Press release article from: PR Newswire November 13, 2006 700+ words
...FirstCall/ -- Today, Union Pacific and GE commemorate the opening...locomotive shop will support GE locomotives which carry...the coal handled by Union Pacific. "Our mindset is...analysis by members of the Union Pacific and GE continuous improvement...
- Union Pacific and GE Announce the Green Locomotive Technology Tour.
- Press release article from: M2 Presswire February 14, 2007 700+ words
...2007-Morning Movers: Union Pacific and GE Announce the Green Locomotive...emitted into the air. "GE Transportation is proud to partner with Union Pacific on this environmental tour...Dineen, president and CEO, GE Transportation. "This...
- Union Pacific and GE Transportation Host Green Locomotive Technology Tour.
- Press release article from: Business Wire February 13, 2007 700+ words
...amp; ERIE, Pa. -- Union Pacific and General Electric...At each stop, UP and GE representatives will...emitted into the air. "GE Transportation is proud to partner with Union Pacific on this environmental...president and CEO, GE Transportation. "This...
- GE Partnership Highlights Union Pacific Tech Strategy.(General Electric Harris...
- Newspaper article from: U.S. Rail News December 6, 2000 700+ words
...that want to retrofit existing GE locomotives. GE Harris Harmon also will serve Nexterna...circumstances, the system will carry the GE brand and logo, as well as a tagline...oriented holding company created by Union Pacific. Spinoffs Broaden Market for Technology...
- Union Pacific, GE Open Locomotive Repair Shop.
- News wire article from: The America's Intelligence Wire November 13, 2006 700+ words
...November 2006-Union Pacific, GE Open Locomotive...Railroad operator Union Pacific (NYSE: UNP) and locomotive builder GE (NYSE: GE) have...more than 2,000 GE AC locomotives each year. Union Pacific Railroad links 23...
- GE Harris will reconfigure UP's Harriman Center.(GE Harris Railway Electronics...
- Magazine article from: Railway Age October 1, 1997 700+ words
GE Harris Railway Electronics announced that it has been contracted by Union Pacific Railroad to supply a new Computer-Aided...Harriman Center in Omaha, Neb. According to GE Harris, the CAD III system will help UP operate...
- Union Pacific and GE collaborate on Green Locomotive Tour.(Industry Report)
- Newspaper article from: Mobile Emissions Today February 16, 2007 700+ words
Union Pacific and General Electric are preparing a Green...and Long Beach. At each stop, UP and GE representatives will brief federal, state...greencarcongress.com/2007/02/union_pacific_a.html (EIN STAFF: 2/15)
- GE run-through shop boosts coal train throughput.(Rail Update)(contracts of...
- Magazine article from: Railway Age January 1, 2007 700+ words
...maintenance and repair facility at Union Pacific's massive Bailey Yard in North Platte, Neb., operated by GE Transportation-Rail using...Powder River Basin. It uses GE's wireless Expert-on-Alert...health remotely. It supports GE locomotives that haul more than...
- UP orders three GE a.c. locomotives. (Union Pacific orders a.c. units from GE...
- Magazine article from: Railway Age November 1, 1993 700+ words
Union Pacific may be the second railroad to get a.c...General Electric--the first a.c. units GE has produced. UP announced the a.c. order at the same time it boosted its 1993 GE orders to 75 4,135-hp Dash-8 d.c...
- UP orders 125 a.c. locomotives from GE.(Union Pacific )(Brief Article)
- Magazine article from: Railway Age June 1, 2000 700+ words
Union Pacific is adding 125 4,400-hp, a.c. traction GE Transportation System locomotives to its existing fleet of more than 1,000 GE a.c. units. The railroad had taken delivery of 23 of the units as of May 1, and deliveries will be completed this year.