General Electric Sets Healthcare Division Spinoff Plans

General Electric Sets Healthcare Division Spinoff Plans

The planned spinoff of GE HealthCare Technologies is part of General Electric’s overall plan to split into three separate public companies. Photo: Charles Krupa/Associated Press Updated Nov. 30, 2022 9:03 pm ET General Electric Co. set the terms for the spinoff of its healthcare division, putting an initial value of roughly $31 billion on the … Read more

From Russia with cash: Georgia booms as Russians flee Putin’s war

From Russia with cash: Georgia booms as Russians flee Putin’s war

At least 112,000 Russians move to neighbour Georgia Georgia set to be one of fastest-growing economies Some locals being priced out of housing, education Economy could face hard landing if newcomers leave TBILISI, Nov 5 (Reuters) – As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom. Georgia is … Read more

Hyundai breaks ground on $5.5 bln U.S. EV, battery plant

Hyundai breaks ground on $5.5 bln U.S. EV, battery plant

ELLABELL, Ga., Oct 25 (Reuters) – Hyundai Motor Co (005380.KS) broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market. The investment is the largest in the state’s history … Read more

Russian call-up sparks exodus by some men as air fares soar

Russian call-up sparks exodus by some men as air fares soar

Air tickets from Moscow sell out Heavier traffic at Russia’s land borders ‘Panic demand’ for air tickets – source TBILISI/VAALIMAA, Finland, Sept 22 (Reuters) – Some Russian men rushed for the borders on Thursday after President Vladimir Putin ordered a partial mobilisation, with traffic at frontier crossings with Finland and Georgia surging and prices for … Read more

Illumina’s Deal to Buy Cancer-Test Developer Is Blocked by the EU

Illumina’s Deal to Buy Cancer-Test Developer Is Blocked by the EU

BRUSSELS—The European Union blocked Illumina Inc.’s ILMN 2.52% acquisition of cancer-test developer Grail Inc., putting a $7.1 billion merger into jeopardy just days after a U.S. administrative law judge allowed it to go forward. The fate of the acquisition has emerged as an early test case for regulators in the U.S. and EU who have … Read more

GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.

GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.

Text size GE wants to be a player in the electricity grid of the future. That will benefit its coming Vernova business. Brandon Bell/Getty Images NISKAYUNA, N. Y–In General Electric ’s sprawling research center here, you will find two Nobel Prizes won by GE scientists, Thomas Edison’s desk, and current research that could help create … Read more

Exclusive: Russia’s Gazprom declares force majeure on some gas supplies to Europe

Exclusive: Russia’s Gazprom declares force majeure on some gas supplies to Europe

A view shows a screen with the logo of Gazprom at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. REUTERS/Anton Vaganov/ Register now for FREE unlimited access to Reuters.com Register LONDON, July 18 (Reuters) – Russia’s Gazprom (GAZP.MM) has declared force majeure on gas supplies to Europe to at … Read more

Crypto’s Domino Effect Is Widening, Threatening More Pain

Crypto’s Domino Effect Is Widening, Threatening More Pain

Turmoil in the digital-assets ecosystem has grown in recent weeks, with losses in cryptocurrencies blowing holes in balance sheets and pushing firms near bankruptcy. After a pair of cryptocurrencies crashed, wiping out billions of dollars in value in May, a British Virgin Islands court this past week ordered a hedge fund that had survived several … Read more

‘This is a victory’: smiling Zelenskiy promises EU membership, Russia defeat

‘This is a victory’: smiling Zelenskiy promises EU membership, Russia defeat

June 23 (Reuters) – President Volodymyr Zelenskiy on Thursday declared the EU’s move to accept Ukraine as a candidate for accession as a victory and promised not to rest until Russia’s defeat and full membership had been secured. European Union leaders formally accepted Ukraine as a candidate to join the 27-nation bloc, a bold geopolitical … Read more

Kellogg Splitting Into Three Companies as It Shifts Focus to Global Snacks

Kellogg Splitting Into Three Companies as It Shifts Focus to Global Snacks

Kellogg said it plans to break up its business into three companies, seeking to jump-start its larger, faster-growing snacks business while helping its namesake cereal brands regain their footing on supermarket shelves. The move, which Kellogg said would separate snacks such as Pringles, Cheez-Its and Pop-Tarts from cereal-aisle staples including Frosted Flakes and Froot Loops, … Read more