Westinghouse draws overseas interest

Article Abstract:

Mitsubishi Heavy Industries Ltd. of Japan is considering acquiring Westinghouse Electric Corp. of the United States to strengthen its role as a builder of nuclear-power plants. The acquisition is worth approximately 200 billion Yen or $1.8 billion. The United States government is wary over energy independence with foreign corporations making bids for United States energy businesses.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Acquisitions & mergers, Electrical equipment and supplies industry, Electric equipment industry, Mergers, acquisitions and divestments, Company acquisition/merger, Nuclear power plants, Westinghouse Electric Corp., Mitsubishi Heavy Industries Ltd.

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G-7 calls for flexible currencies as U.S. jabs at China and Japan

Article Abstract:

The George W. Bush administration in the U.S. has called on developed nations to be more flexible when it comes to their currency rates. The call is said to be a "veiled swipe" at Japan and China.

China, Government expenditures, Financial management, Management dynamics, Other General Government Support, Industrialized Countries, Coinage & Currency, Management, Finance, Economic policy, Money, Bush, George W., Company business management, Industrial nations, Company financing, Foreign exchange market

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