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GAIL Plans $2 Billion Investment to Boost Petrochemical Business, an Industrial Info News Alert (Marketwire via Yahoo! Finance) Researched by Industrial Info Resources (Sugar Land, Texas) -- GAIL Limited is planning to develop two mega petrochemical plants, one in India and one abroad. The Indian unit will be a 1-million-ton-per-year plant developed in Visakhapatnam, Andhra Pradesh, in partnership with state-owned Hindustan Petroleum Corporation Limited (Mumbai), Mittal Energy, Oil India Limited and Total SA (NYSE:TOT).
G.E. May Spin Off Its Consumer and Industrial Unit (NYTimes.com via Yahoo! Finance) As it seeks to bolster its flagging share price, General Electric may be willing to dispense with the business from which it sprang: the light bulb.
GE considers spin off of consumer and industrial (Reuters via Yahoo! News) General Electric Co said on Thursday it will focus on spinning off its consumer and industrial unit -- operations that include its century-old appliances arm and its lighting business -- to GE shareholders.
Man kills woman, then himself at Florence business (The State) Authorities say a man shot and killed woman, then committed suicide at a Florence business. Sheriff's Lt. Brett Camp tells WBTW-TV that the man entered Samson Industrial around 10 a.m. Friday. Authorities say the man knew the woman he killed. Deputies and company officials did not immediately return phone messages from The Associated Press. Samson Industrial makes and distributes supplies likes ...
General Electric 2Q profit falls, sells Japanese consumer loan business for $5.4B (Canadian Business) Stephen Singer July 11, 2008 - 10:22 a.m. HARTFORD, Conn. (AP) - Industrial and financial conglomerate General Electric Co. said Friday its profit fell 6 percent in the second quarter, and has agreed to sell its Japanese consumer finance business for $5.4 billion.
GE plans to spin off Louisville-based Consumer & Industrial (Louisville Courier-Journal) General Electric plans to break off its Louisville-based appliance, lighting and industrial unit as a stand-alone business, but hasn't closed off the option of an outright sale.
Man kills woman, then himself at Florence business (WIS News 10 Columbia) FLORENCE, SC (AP) - Authorities say a man shot and killed woman, then committed suicide at a Florence business. Sheriff's Lt. Brett Camp tells WBTW-TV that the man entered Samson Industrial around 10 a.m. Friday.
The Hindu Business Line : Industrial growth slumps to 3.8% in May (The Hindu) New Delhi, July 11 Industrial output slumped to its lowest level in over six years during May 2008, growing 3.8 per cent on an annual basis as against a healthy 10.6 per cent growth clocked during the corresponding month a year-ago.
General Electric profit falls, sells Japanese consumer loan business for $5.4B (Canadian Business) HARTFORD, Conn. (AP) - Industrial and financial conglomerate General Electric Co. announced Friday that its profit fell 6 percent in the second quarter, and that it has agreed to sell its Japanese consumer finance business for $5.4 billion.
GE to spin off consumer and industrial business (Financial Times) General Electric, under pressure from investors to shed slower-growing businesses and lift the conglomerate?s slumping share price, is preparing to spin off its consumer and industrial business to shareholders.
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