Alstom ALO PA

(Video) Alstom (ALO.PA) Takeover Crucial Week for General Electric (NYSE:GE) Siemens (SIE:Xetra) and Mitsubishi (8058:JP)

France is continuing to press for guarantees from contenders to buy energy assets from Alstom, as Siemens and Mitsubishi consider a joint move to challenge a formal offer from General Electric. The race to acquire power activities from Alstom, better known for its high-speed TGV trains, is entering a crucial week, with Siemens due to present an offer by Monday ahead of a June 23 cut-off date set by GE for its 12.4 billion euros bid for all of Alstom’s energy assets.

As a consequence of this latest move, GE May Improve Bid for Alstom’s Energy Units. French Finance Minister Michel Sapin said he expects General Electric Co. (GE) may improve its $17 billion offer as it competes with Siemens AG (SIE) to buy energy assets of power-equipment maker Alstom SA. “We’re not finished with improvements, on both sides,” Sapin said today on Europe 1 radio and i-Tele. Siemens’s offer becomes more attractive with Mitsubishi Heavy Industries Ltd. (7011) participating, he also said.

According to a Wall Street Journal report on Sunday, German engineering company Siemens and Japanese peer Mitsubishi Heavy Industries were close on Sunday to finalizing an offer for much of Alstom’s energy business, potentially entering a bidding war with General Electric for one of France’s industrial jewels, said people familiar with the companies’ plans. As part of the potential offer, Mitsubishi aims to buy as much as 10% of Alstom from Bouygues which holds a 29.3% stake, two of the people said. French public investment bank BPI France would buy another portion of the Bouygues stake, possibly alongside the French government, these people said. Talks were continuing late Sunday in Europe, these people said, and the final structure of the deal wasn’t set.

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BlackBerry’s Mega Deal (NASDAQ:BBRY) , New Product for Amazon (NASDAQ:AMZN) and Apple in Trouble in Europe (NASDAQ:AAPL)

BlackBerry Ltd said on Thursday it has signed a agreement with EnStream LP, a mobile payments joint venture owned by Canada’s three large wireless carriers, to provide a secure platform for transactions between banks and consumers. Waterloo, Ontario-based BlackBerry has been trying to reinvent itself under new Chief Executive Officer John Chen as its phones have lost ground to Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy devices.

The company’s QNX software already is a mainstay in the automobile industry, powering electronic and other systems in a wide range of cars.

Amazon’s newly announced music streaming service is yet another attempt by the company to move beyond e-commerce and infuse itself into the daily lives of Americans with an increasing number of offerings, including grocery delivery and streaming TV. The announcement comes just days ahead of the expected unveiling of the company’s first smartphone.

Starting Thursday, Inc. will offer more than a million tracks for ad-free streaming and download to Kindle Fire tablets as well as to computers and the Amazon Music app for Apple and Android devices.

The European Commission will launch a formal investigation on Wednesday into Apple’s tax arrangements in Ireland, Irish state broadcaster RTE reported, without naming its source. The EU’s competition authority said last year that it was looking into corporate tax arrangements in several member states and had requested information from Ireland.

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(NYSE:NQ) No Evidence Of Fraud found at NQ Mobile

(NYSE:NQ) The Investigation Team conducted a thorough review of cash reported on NQ Mobile’s financial statements and the Company’s cash transactions, which included the following procedures: obtained bank confirmations for the Company’s accounts through in-person visits and mail

Chinese mobile security software maker NQ Mobile said a special committee had found no evidence of fraud, as alleged by short-seller Muddy Waters Research Group. NQ Mobile also said the committee also found no evidence that the company’s revenues and cash balances were inconsistent with public disclosures. Muddy Waters called NQ Mobile a “massive fraud” in October, a charge NQ Mobile rejected as false.

NQ Mobile’s shares rose about 30 percent in premarket trading.

According to the auditors findings : “The Investigation Team determined that the Company’s cash balances were verifiable and consistent with public disclosures. … (ii) The Investigation Team did not find evidence that the Company’s revenues were inconsistent with public disclosures.”

Benedict commented on NQ Mobile’s activity since the Muddy Waters allegation, “We have seen fees drop off a bit from October to around early to mid April, then we saw fees surge again briefly.”. An independent committee investigating Muddy Waters’ allegations at NQ Mobile Inc (ADR) (NYSE:NQ) has found no evidence of fraud. Block says they continue to investigate NQ Mobile Inc (ADR) (NYSE:NQ) and that he doesn’t think the debate over the company will be over “until regulators step in or NQ’s shares go to zero.”

In the meantime, ChinaRock discloses that is has doubled its stake in NQ Mobile. Both short interest and utilization rose by about one percent on the news, according to Benedict. The utilization rate is now 92 percent.

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Stocks To Watch: Marvell Technology Group Ltd. (NASDAQ:MRVL), Analog Devices, Inc. (NASDAQ:ADI), TriQuint Semiconductor (NASDAQ:TQNT), ANADIGICS, Inc. (NASDAQ:ANAD)

Marvell Technology Group (NASDAQ:MRVL) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,784,230 shares, a growth of 34.3% from the April 30th total of 4,306,012 shares, American Banking and Market News reports. Based on an average trading volume of 3,701,330 shares, the days-to-cover ratio is presently 1.6 days. Approximately … Continue reading Stocks To Watch: Marvell Technology Group Ltd. (NASDAQ:MRVL), Analog Devices, Inc. (NASDAQ:ADI), TriQuint Semiconductor (NASDAQ:TQNT), ANADIGICS, Inc. (NASDAQ:ANAD)

VoIP Telecommunications Telephone Communications

Global Network Service Quality improved by NTT Com and 22 Partner Carriers

NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT (NYSE: NTT), announced today that it has agreed with 22 of its global telecommunications-carrier partners on a number of policies to further improve its Arcstar(tm) global network service quality during the Arcstar Carrier Forum 2015, which took place in Tokyo on June 2 and 3. The Arcstar Carrier Forum is an … Continue reading Global Network Service Quality improved by NTT Com and 22 Partner Carriers

Technology and the Future of the Auto Industry

For the auto industry, the conveyor belt was among the first big leaps in technology that changed driving forever. Adding this device to the assembly line allowed Ford to bring down costs significantly and make the Model T affordable to the average person. Other major leaps have been made since then, but perhaps none as game-changing as the changes brought by the information age. As … Continue reading Technology and the Future of the Auto Industry