Stephen Tusa News
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Vestas Wind Systems A/S is copying strategies used by mobile phone operators and Rolls-Royce Holding Plc, boosting its maintenance and spare parts business to a record to salvage flagging profit from manufacturing.
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Tyco International Ltd . is emerging as a candidate for a sale or breakup whether Schneider Electric SA follows through on talks to take over the company or passes on a deal, analysts said.
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General Electric Co. raised its quarterly dividend 13 percent, the fourth increase in less than two years as Chief Executive Officer Jeffrey Immelt returns cash to investors.
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General Electric Co. is targeting annual sales of $100 billion from its energy unit, whose equipment provides more than a quarter of the world’s power, within the next decade.
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Investors should buy bearish 3M Co. options because the maker of items from stethoscopes to sandpaper may struggle to deliver profit and revenue growth at the level investors expect, JPMorgan Chase & Co. said.
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3M Co. tumbled the most in almost nine months after reporting lower-than-expected profit margins and sales because of lower demand for products used in LCD televisions.
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Tyco International Ltd. plans to break itself into three publicly traded companies that may prove more attractive to potential suitors on their own than as pieces of a conglomerate.
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3M Co., the maker of Post-it Notes and fuel system tuneup kits, reported higher profit than analysts had estimated as demand increased for aerospace and auto industry products.
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General Electric Co. projects revenue in regions such as Latin America will rise as much as 25 percent a year through 2016, outpacing growth of as much as 15 percent in Asian countries including China.
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General Electric Co. ’s goal of broadening its $1 billion nuclear service-and-parts business with sales of new reactors risks stalling as world leaders reconsider the future of atomic energy.
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