Webremix Articles

Upbeat View Lifts Alstom Shares

Thu, 19 Jan 2012 13:47:15 GMT

Shares of France's Alstom jumped nearly 10% after the company said strong second-half sales and continued cost cutting should ensure a better-than-expected performance in its fiscal year to end-March.

Libya to review foreign contracts signed under Gaddafi

Tue, 20 Dec 2011 21:28:00 GMT

Libya will review all contracts signed with foreign companies by the late leader Muammar Gaddafi's regime to ensure its best interests are guaranteed, the country's deputy premier said today. Mustafa Abu Shagur was speaking after meeting France's minister of state for foreign trade, Pierre Lellouche, who announced that several French companies had just been awarded new contracts. "We want French companies to come (to Libya), but on the basis of transparency and competitiveness with other companies," Abu Shagur said. "For that reason, all old accords and treaties must be reviewed to determine if they are really in the interest of the Libyan people." For his part, Lellouche announced that Libya had awarded new contracts to Air France, Egis and Alstom. Air France Industries will repair airliners damaged during the months of fighting to oust Gaddafi belonging to Libyan Airlines and Afriqiyah. He added that talks were under way with Airbus over the delivery of 11 aircraft ordered by the two carriers in 2007. Lellouche, who ended a trip to Libya as head of a delegation of some 100 business people, added that...

Ferrari boss unveils Italy's first private high-speed train

Tue, 13 Dec 2011 13:48:00 GMT

Ferrari head Luca di Montezemolo unveiled Italy's first private high-speed train near Naples today, with his company NTV planning to take on a state monopoly in the sector starting next year. "Finally there will be a period of competition, of choice for travellers, for citizens," Di Montezemolo said, as he inaugurated the train, applauded by about 1,000 employees of French company Alstom which is building the carriages. The train -- named "Italo" -- is part of the latest generation of high-speed rail travel and "the most modern train in Europe," featuring a small cinema on board and a wi-fi Internet connection throughout, Di Montezemolo said. France's national rail company SNCF owns a 20-percent stake in NTV, which is led by a group of Italian businessmen including Di Montezemolo, NTV's president, and Diego Della Valle, the head of luxury shoemaker Tod's. NTV's trains will eventually make 51 connections a day, travelling more than 12.3 million kilometres (7.6 million miles) per year. Company officials said they believed the train would make its first voyage in March 2012.

Malaysia urged to fully probe Alstom allegations

Wed, 07 Dec 2011 07:00:23 GMT

Transparency International on Wednesday called for a thorough probe by Malaysian authorities into alleged bribery by French industrial group Alstom, in a scandal involving several...

Malaysia urged to fully probe Alstom allegations

Wed, 07 Dec 2011 06:31:30 GMT

Transparency International on Wednesday called for a thorough probe by Malaysian authorities into alleged bribery by French industrial group Alstom, in a scandal involving several countries.

Malaysian media had reported Tuesday that anti-corruption officials last week "visited" the office of a power firm amid allegations a former official took kickbacks from Alstom related to a power project in the 1990s.

Several executives at Teknologi Tenaga Perlis Consortium (TTPC) also had been questioned by the Malaysian Anti-Corruption Commission (MACC), the Star newspaper said.

France's Alstom opens its first Brazil wind turbine plant

Thu, 01 Dec 2011 15:04:49 GMT

French engineering group Alstom moved to capitalize on a booming Brazilian wind energy market by inaugurating a new wind turbine manufacturing plant in northeastern Bahia state Wednesday, its first ...

France's Alstom opens its first Brazil wind turbine plant

Thu, 01 Dec 2011 01:00:46 GMT

French engineering group Alstom moved to capitalize on a booming Brazilian wind energy market by inaugurating a new wind turbine manufacturing plant in northeastern Bahia state...

French Engineering Company Alstom Fined for Corruption

Mon, 28 Nov 2011 13:43:57 GMT

The French engineering comany Alstom SA will pay compensation of 36.4 million Swiss Francs for widespread corruption in Tunisia, as well as in Latvia and Malaysia.

Alstom fined millions in Swiss corruption case

Tue, 22 Nov 2011 13:12:40 GMT

BERN, Switzerland &#8212 A subsidiary of French engineering company Alstom SA has been ordered to pay 39 million Swiss francs in fines and compensation to end a long-running corruption case in Switzerland, prosecutors said Tuesday.

BDS Update: 'Why No UN Sanctions for Israel?'

Thu, 03 Nov 2011 01:12:25 GMT

By Eric Walberg – Cairo

The Boycott, Divests and Sanctions (BDS) movement is growing relentless. On the boycott front, Natacha Atlas, who won a 2007 BBC Music award for her fusion of Arabic and Western styles, cancelled a planned concert in Israel: “I had an idea that performing in Israel would have been a unique opportunity to encourage and support my fans’ opposition to the current government’s actions and policies, but after much deliberation I now see that it would be more effective a statement to not go to Israel until this systemised apartheid is abolished once and for all.”

Atlas, who grew up in Belgium, is of Egyptian, Moroccan and Palestinian ancestry and has Jewish roots. She was appointed a Goodwill Ambassador for the United Nations Conference Against Racism in 2001, which was boycotted by the United States and Israel, for raising issues about US treatment of African Americans and Israel’s treatment of Palestinians.

The flip side of cultural boycotts of Israel is to prevent Israeli cultural figures from presenting a false image of Israel abroad. Idan Raichel, “Israel’s most popular dread-locked musician” according to the Israeli Ministry of Foreign Affairs, prominent in Masa (Journey) Israel tours to recruit young Jews from American and Europe to Israel, is more than just a musician, seeing Israel’s cultural icons as “ambassadors of Israel in the world, cultural ambassadors, hasbara ambassadors, also in regards to the political conflict”.

Raichel’s hasbara message prompted American Jews to protest a recent Masa “journey” across the US, using the Internet to coordinate leafletting at the concert tour sites. His recent album “Open Door” prompted signs at the demos entitled “Does ‘Open Door’ include Palestinians?” and “Don’t entertain apartheid.” “Idan Raichel can’t support apartheid,” countered one concert-goer, “He sleeps with a black woman!” Raichel is part of the Brand Israel campaign, which aims to bring arts to the world in order to, in the words of an Israeli foreign ministry official, “show Israel’s prettier face, so we are not thought of purely in the context of war”.

A Finnish campaign is under way to cancel a new deal to purchase Israeli drones. Like Canada, the US, Turkey and Russia, Finland has been attracted by Israeli know-how in lethal weapons. The Finnish Defence Ministry recently signed an agreement on drone purchases, in defiance of EU regulations. This prompted Foreign Minister Erkki Tuomioja to break ranks with his colleagues and declare, in reference to Israel, that “No apartheid state is justified or sustainable.” Earlier while in opposition, Tuomioja himself signed a petition calling for an end to the arms trade with Israel. As foreign minister, Tuomioja could demand the suspension of EU-Israel Association Agreement, which gives Israel special trade access to EU markets, but on condition that Israel respects human rights.

The EU’s “common foreign policy” has been a bitter disappointment, especially with respect to Israel, as consensus prevents principled nations within the EU from acting, and attempts to enforce EU regulations are easily buried in bureaucratese. For instance, the Seventh Framework Programme (FP7) provides research funds for universities and companies from Israel as a result of the Association Agreement. Despite Israel´s consistent violation of the Agreement´s human rights clause, Israeli companies such as Ahava, “academic” institutions such as Technion, and worse, Elbit Systems and Israeli Aerospace Industries receive European funding through FP7 on an equal footing with EU member states.

EU Scientific Commissioner Máire Geoghegan-Quinn insisted that there was no reason to exclude Israel’s Motorola company from EU-related activities since she did not have “any information about any radar systems Motorola Israel might or might not have installed in the West Bank”. Geoghegan-Quinn is not reading her inbox, where she would have found reports to the European Commission by the Palestinian Campaign for the Academic and Cultural Boycott of Israel and “Stop the Wall” documenting Motorola’s work in Israeli settlements in the West Bank.

An ambitious boycott-divestment effort by the newly launched KARAMA (Keep Alstom Rail And Metro Away) and the ongoing “Derail Veolia and Alstom” campaign, celebrated an important victory. Alstom lost the bid for the second phase of the Saudi Haramain Railway project linking Mecca with Medina, worth $10 billion, due to its involvement in Israel’s Jerusalem Light Rail (JLR) project. Alstom also suffered when the Dutch ASN Bank and the Swedish national pension fund AP7 excluded it from their investment portfolios. Veolia has lost more than $12 billion worth of contracts following boycott activism in Sweden, the UK, Ireland and elsewhere.

A national conference of Students for Justice in Palestine (SJP) took place from 14-16 October at New York’s Columbia University, bringing together 400 American student activists from a hundred campuses. SJP activists have made famous their mock checkpoints, walls, and die-ins on campus, to bring home the reality of Israeli persecution of Palestinians.

Delegates brainstormed about divestment campaigns and how to counter the power of AIPAC. Codepink’s Medea Benjamin, who gained world celebrity status for interrupting Israeli Prime Minister Netanyahu’s speech to Congress in May, explained how to lodge a complaint with the Office of Congressional Ethics against the American Israel Education Foundation Congressional trips to Israel, which violate Congressional Ethics Rules.

Columbia University grad student Dina Omar said the conference helped create a “solid network and apparatus to help protect students from being systemically targeted by institutional power.” A week before the conference, the Anti-Defamation League (ADL) reported on the “growing strength” of SJP. Ironically, it was a 2010 ADL statement calling SJP one of the top 10 “anti-Israel” groups in the US that pushed 67 chapters to unite. Max Ajl said: “The timing was key – everywhere there was the buzz that we are part of a broader mobilisation, the Occupy Wall Street movement. There is now both the opportunity and the incentive to link these struggles.”

Interestingly, there is division in the anti-BDS ranks over how hard to crack down on BDSers by claiming that Jewish students might be made “uncomfortable”. While the ADL lauded the US Department of Education’s 2010 decision to expand the 1964 Civil Rights Act to include “anti-Israel and anti-Zionist sentiment that crosses the line into anti-Semitism”, the Jewish Council for Public Affairs (JCPA) cautions Jewish groups against suppressing free speech by invoking civil rights laws. “Lawsuits and threats of legal action” should only be used “for cases which evidence a systematic climate of fear and intimidation coupled with a failure of the university administration to respond with reasonable corrective measures.”

Ali Abunimah, co-founder of Electronic Intifada and author of One Country: A Bold Proposal to End the Israeli-Palestinian, argues that the ADL strategy is “inherently anti-Semitic because it assumes incorrectly and ahistorically that all criticism of Israel equals criticism of Jews”, and thus condemns all Jews for the racism practiced by Israel. “It seems that at least some in the pro-Israel community fear that this aggressive campaign of censorship and intimidation may do more to cast Israel’s defenders as thugs, than to improve Israel’s image on campuses.”

In interview with Time, Turkish Prime Minister Recep Tayyip Erdogan questioned why sanctions are promoted by the US when dealing with Iran and Sudan, but are taboo with regards to Israel. Sanctions imposed by the United Nations on Israel would have resolved the issue of Mideast peace long ago, he said. “Until today, the UN Security Council has issued more than 89 resolutions on prospective sanctions related to Israel, but they’ve never been executed.” The reason the international community had stood by without sanctioning Israel was that the Quartet – which includes Russia, the United States, the European Union, and the UN – was not genuinely interested in resolving the Mideast conflict or “they would have imposed certain issues on Israel.”

- Eric Walberg writes for Al-Ahram Weekly - http://weekly.ahram.org.eg. His Postmodern Imperialism: Geopolitics and the Great Games is available at www.claritypress.com/Walberg.html. He contributed this article to PalestineChronicle.com. Visit: http://ericwalberg.com.

Will Energy Department Repeat Solyndra Mistakes with Alstom? (ContributorNetwork)

Thu, 06 Oct 2011 20:50:39 GMT

ContributorNetwork - COMMENTARY | In the wake of the Obama administration's failed bet with solar company Solyndra, the Department of Energy (DOE) has approved funding for another troubled energy corporation. Alstom Grid has been chosen by the DOE to explore "the challenges of integrating large amounts of renewable energy such as wind power into electrical grids," according to their press release. But Alstom has skeletons in its closet. A quick trip back in time shows that Alstom was a failed company that required a large government bailout in order to keep it above water.

Alstom's China Chief Denies Role in Crashes

Fri, 30 Sep 2011 11:02:45 GMT

The chief executive of Alstom's China operations said its local joint venture supplied hardware but not signaling technology to a Chinese rail line where a deadly high-speed train crash occurred in July.

Alstom says China needs to 'master' rail technology

Fri, 30 Sep 2011 10:22:51 GMT

Alstom, the French engineering group falsely blamed for a metro accident in Shanghai, said Friday that China needed to "absorb and master" the new railway technology it has...

Alstom says China needs to 'master' rail technology

Fri, 30 Sep 2011 09:40:01 GMT

Alstom, the French engineering group falsely blamed for a metro accident in Shanghai, said Friday that China needed to "absorb and master" the new railway technology it has acquired in recent years.

Africa: Construction of High-Speed Rail Line Begins

Thu, 29 Sep 2011 10:58:24 GMT

French President Nicolas Sarkozy visits Morocco on Thursday to mark the start of work on Africa's first high-speed rail line, following up on a deal signed in December with the French company Alstom.

China's State Media Blames Alstom Joint Venture For Latest Signal Accident

Wed, 28 Sep 2011 05:45:56 GMT

Russell is a senior editor and the Shanghai bureau chief of Forbes magazine. A fluent Mandarin Chinese speaker now in his 11th year at Forbes, Russell compiles the Forbes China Rich List, Hong Kong Rich List, and Taiwan Rich List.

z .1.6 billion deal for high-speed trains finalized

Wed, 24 Aug 2011 18:42:26 GMT

A z3.1.6 billion contract between French firm Alstom and PKP Intercity has been finalized, PKP announced in a statement.

Leadership development

Tue, 16 Aug 2011 10:12:39 GMT

Alstom India has announced the commencement of Alstom Ki Pathshala for its batch of 126 young engineering graduates (YEG).

Siemens keeps 600m Eurostar order after Alstom legal challenge fails

Thu, 14 Jul 2011 20:08:18 GMT

High court rejects Alstom claim that tender process was 'ineffective' High speed Eurostar train in action.

Final-hole slump sees Morrison surrender outright lead

Sun, 03 Jul 2011 08:01:52 GMT

James Morrison dropped three shots in the last two holes to only share the lead with fellow Englishman Mark Foster with a round to go at the Alstom French Open in Paris.

French Company to Build High Speed Rail in Iraq

Sun, 26 Jun 2011 02:31:39 GMT

On Friday, French engineering company Alstom took preliminary steps to construct a high speed railway in Iraq, BBC News reports.

French Company to Build High Speed Rail in Iraq

Sat, 25 Jun 2011 07:30:58 GMT

On Friday, French engineering company Alstom took preliminary steps to construct a high speed railway in Iraq, BBC News reports.

What other lessons can we learn from those bad boys in China with their high-speed electric trains?

Sat, 25 Jun 2011 06:58:30 GMT

This article is from one of the many English language on line newspapers. You may recall that a French Alstom train set a speed record in 2007.

Alstom in deal to build high-speed rail in Iraq

Fri, 24 Jun 2011 16:09:14 GMT

French engineering group Alstom is in exclusive talks to build a high-speed rail line between Baghdad and Basra in Iraq, French junior transport minister Thierry Mariani said on Friday.

Iraq high-speed rail line planned

Fri, 24 Jun 2011 15:19:50 GMT

French engineering giant Alstom signs a preliminary deal to build a high-speed rail line linking Basra and Baghdad in Iraq.

Alstom, Carrefour, Galp Energia, Total: Europe Equity Preview

Tue, 21 Jun 2011 21:19:58 GMT

Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

French invest in wave energy firm

Tue, 21 Jun 2011 19:11:23 GMT

Inverness-based AWS Ocean Energy secures a major investment as French group Alstom takes a 40% stake in the firm.

Gaza: Young Palestinians Lead a Global Movement

Tue, 14 Jun 2011 00:19:04 GMT

By Joe Catron

On a warm, sunny afternoon, I met Eman Sourani and Rana Baker in an airy outdoor café several blocks from the port of Gaza. Both are members of the Palestinian Students' Campaign for the Academic Boycott of Israel (PSCABI). Sourani, a 22-year-old English literature student at Al-Aqsa University, cofounded the group after Operation Cast Lead in January 2009, while Baker, a 19-year-old blogger and a business administration student at the Islamic University of Gaza, joined it during Israeli Apartheid Week, a global event in March 2011.

PSCABI is the student arm of the Palestinian Campaign for the Academic and Cultural Boycott of Israel (PACBI), itself part of the Boycott, Divestment, and Sanctions (BDS) National Committee. Since its July 2005 founding by Palestinian organizations from Israel, the occupied Palestinian territories, and the diaspora, BDS has grown into a formidable global movement with an impressive record of victories.

In the last month alone, the University and College Union (UCU) and the University of London Union (ULU), respectively the largest academic labor union in the United Kingdom and the largest student union in Europe, voted to support it and sever their ties with Israeli institutions; UK Prime Minister David Cameron quietly resigned his post as Honorary Chairman of the Jewish National Fund, implicated in the ethnic cleansing of Palestinian lands; students at the United States’ DePaul University voted by a nearly 80% margin (although without reaching the necessary quorum) to remove Sabra hummus, linked to the Israeli military, from their campus; the French-Belgian bank Dexia announced the impending sale of its Israeli subsidiary, “even at a loss;” and musicians Andy McKee and Marc Almond cancelled appearances in Israel.

Although not all acknowledged the role of the campaign in their decisions, each was a target of it. Meanwhile, battles rage against the US pension fund TIAA-CREF; Israeli national institutions like the Histadrut and State of Israel Bonds; the Israeli produce exporter Carmel Agrexco; the French construction firms Alstom and Derail Veolia; the beauty suppliers Ahava, Estee Lauder, L'Oréal, and Seacret Dead Sea; and dozens of other institutions complicit in Israeli crimes, as well as performers like Paul Simon and Jello Biafra, who plan to violate the cultural boycott by playing Tel Aviv.

“Even some South Africans like Desmond Tutu have said that what they did in thirty years, the Palestinians did in three,” Sourani told me over tea. “The boycott is a lesson of the success of the South Africans. And why not? Nothing is imposible. When people hear that Palestinians are doing something like this, that we are taking action, they believe in the idea and the issue much more.”

Baker agreed with her about the importance of South Africa. “We like to address apartheid,” she said. “We like to use this word, because it really emphasizes what is happening. Of course we have the apartheid wall. We have the checkpoints like they had in South Africa. What does an apartheid wall represent but apartheid? What else do checkpoints represent?”

“We think that BDS is a very effective way to resist Israel,” Baker continued. “Why? Because the pillars of BDS represents all Palestinians. The core issues of the Palestinian cause are the right to return, the ending of the occupation, and equality between Palestinians and Jews within the Israeli state or borders. So we think that being a real Palestinian-led movement that represents all Palestinians is very important. And this makes it able to grow, makes it able to expand within each and every cause. It represents every Palestinian in Gaza, in the West Bank, in Israel, and in the diáspora. BDS is established on those pillars. And the most important pillar, in my opinion, is the right to return. This movement, the march of return, is also a powerful campaign to make people understand that we have not forgotten our right to return. When Ben-Gurion said that old would die and the young forget, he was totally mistaken! Of course the old will die, but they have children, they have grandchildren, and we will never forget. We are Palestinian.”

”We have Palestinian identity, and Palestinian identity is a great responsibility,” Sourani added. “So we have to act. We have to fight Zionism. We have to be aware of what is going on, because being aware means that we are alive. It gives meaning to our lives. I myself give the definition that life is politics here in Gaza. It is all of what we live.”

How does PSCABI fight Zionism, I asked? “We as youth and students address youth and students about the academic boycott, and connect it with the cultural boycott,” Sourani answered. “We make videos to send to universities and have video conferences with them. We just tell people that we are here. You should know about Gaza, and you should know about Israel and the reality of its apartheid. Some of our biggest successes are the University of Johannesburg boycotting Ben Gurion University, or the biggest student union in London refusing to deal with Israel.”

“We also write letters to celebrities who are going to perform in Israel, asking them not to entertain apartheid, and we are actually succeeding in this,” said Baker. “Many, many of them have been stopped from performing in Israel, and some actually became BDS advocates.”

How do they work with BDS activists elsewhere? “I think is important that we talk with them, that we have a discussion about BDS here and BDS there,” said Baker.” We want to see what they do there and learn from them, and they might also see what we do and learn from us. So we can share our experiences in BDS, our stories, and they can use our stories and spread them out to gain more support for BDS.”

“The young Palestinians nowadays are very creative, in writing, blogging, video making; many, many things,” said Sourani. “I am very proud of my generation. They are so creative, really. I meet and talk to anyone who does anything: maybe blogging, a site, a Facebook account, a Twitter. Youth everywhere are doing fantastic things. They just need to be linked with Palestinians ourselves.”

“We want more links with people outside,” said Baker. “We want more actions and more communication. The more you communicate with people, the more the idea becomes big and it grows. And BDS is growing. Citizens, and students, and young, and old, are engaging themselves in BDS, outside and inside and everywhere. It is actually, in its core, a popular struggle, and it is civil resistance.”

What do they ask of outsiders? “The important thing is that they take action,” Sourani replied. “This is what we are looking for. We don’t look for passion, we don’t look for tears, we don’t look for romantic speech. We just look for actions. Whatever small action you can take is something beautiful. This is the basis of BDS, that we don’t wait for talk.”

“Let’s mention here the the recent action taken by people in the United States diring the AIPAC speech,” said Baker. “I think this was really effective, when young students stood up and spoke out for Palestine, students who had no relation to Palestinian identity, except that they understood the issue, they understood what is right and what is wrong, and they took action. Even if they knew that they might be harmed, or might get fired from somewhere. We think that this is really important, and this is a success for BDS.”

“An important thing we do at the end of every video conference is to give them a request: Come to Gaza,” said Sourani. “People will not act before understanding. You can come, live with us, and see how students can’t get get books, how students can’t get scholarships abroad, how students would die to go, but have nightmares about Rafah Border before going to London, for example. We can’t go to places in our own country! We can’t study, for example, in Bethlehem, in Ramallah, in Najah University. I actually was planning for that, but of course it is imposible.

“This is about human rights and international law, how the world Works,” she added. “As you live there peacefully, Palestinians have the right to live. The rights your students have to move, to learn, to travel everywhere, to get scholarships, we also need. So we need people to understand, to study the issue, and to act. This is what we are doing.”

And other Palestinians? “I want all Palestinians, not only us in BDS, to engage in boycotting Israel,” Baker replied. “I want all of them to become politically aware. And this is also something we work on in BDS. We don’t just discuss BDS in the meetings of our core group. We talk about it in our universities. We invite people to our events. In the future, we really hope that each and every Palestinian becomes aware of BDS, and implements BDS so that it becomes a part of his or her life.

“We also like to participate in events that are held worldwide, like Israeli Apartheid Week,” she said. “We had one here this year, and it was really successful. We try talk to many academics and important activists, like Ilan Pappé and Ramzy Baroud. It’s really good how many people here want to know about BDS. They really want to listen.”

“The amazing thing about PSCABI is that all the political blocs here support it and agree on the academic boycott,” added Sourani.

What else, I asked in closing? “We want people to know that we’re not dying of hunger,” said Baker. “We’re not begging. We’re not shedding tears. We’re taking action on our own behalf. We’re trying to raise awareness, to link people, to make them understand and make them more involved in independent political groups that are peacefully resisting Israel and the occupation.”

“BDS is a Palestinian voice,” said Sourani. “This is what people need to hear, to listen to everywhere. We refuse occupation. I’m proud of doing this work. I’m a Palestinian; I’m not silent. That is the idea.

“I don’t want peace before justice. I’m looking for justice. And justice means the end of apartheid, the end of racism, and the end of occupation. So I need justice first, and then, when we are all equal people, we will look for peace.”

- Joe Catron is a resident of Brooklyn, New York and a current member of the International Solidarity Movement – Gaza Strip. He writes in a personal capacity. He contributed this article to PalestineChronicle.com.

Alstom inks preliminary deal for Baghdad metro

Mon, 30 May 2011 23:22:25 GMT

French infrastructure firm Alstom signed a preliminary agreement with the Baghdad provincial government Monday to build a metro to ease traffic congestion in the war-wracked Iraqi capital.

Alstom: Baghdad Metro Deal Closer

Mon, 30 May 2011 19:14:03 GMT

French engineering and train company Alstom said it has moved closer to signing a deal to build an aerial rail system in Baghdad in response to congestion in the Iraqi capital.

Alstom signs preliminary deal for Baghdad metro

Mon, 30 May 2011 10:00:44 GMT

French infrastructure firm Alstom signed a preliminary agreement with the Baghdad provincial government on Monday to build a metro to ease traffic congestion in the war-wracked...

Alstom net profit plunged 62 percent in full-year results

Wed, 04 May 2011 10:06:10 GMT

French energy and transport company Alstom said Wednesday net profit dropped 62 percent in its 2010-2011 fiscal year due to restructuring costs, but that robust demand from emerging...

European Stocks Fluctuate; Holcim Drops, Shares of Actelion Gain

Wed, 04 May 2011 09:33:02 GMT

European stocks swung between gains and losses as companies from Holcim Ltd. to Alstom SA reported earnings that missed analysts’ estimates, offsetting better than forecast profit at BNP Paribas SA and a rally at Actelion Ltd. Asian shares fell and U.S.-index futures gained.

Alstom Net Plunges 62%

Wed, 04 May 2011 08:59:00 GMT

French power-engineering and train company Alstom said fiscal full-year net profit fell 62%, weighed down by the costs of restructuring in its power business, but confirmed its guidance and noted an uptick in business in the second half of the year.

Infrastructure - Peru - Alstom awarded US$192mn supply contract for Lima electric train

Thu, 28 Apr 2011 22:38:43 GMT

has won a 130mn-euro (US$192mn) contract to supply 19 Metropolis trainsets for line 1 of Peruvian capital Lima's electric train system. The first trainset will be delivered in 2012 and ...

Alstom wins $193 million Lima rail contract

Thu, 28 Apr 2011 11:02:31 GMT

French energy and transport company Alstom has won a $193 million (130 million euro) contract to provide 19 metro trains for the Lima metropolitan transit network, the company...

Alstom reveals coal-power deal with Shanghai Electric

Thu, 21 Apr 2011 11:43:13 GMT

French engineering group Alstom announced a big strategic development on a global scale with Chinese partner SEC, in the field of coal-fired power generation, on...

Competition watchdog allows France's Alstom to buy into Transmashholding

Thu, 21 Apr 2011 07:28:00 GMT

Russia's Federal Antimonopoly service has given a green light to French engineering group Alstom to acquire a blocking stake in Transmashholding (TMH), Russia's largest supplier of rolling stock for the domestic rail sector, Andrei Bokarev, chairman of the TMH board of directors, said on Thursday.

France's Alstom signs 300-mln-euro Taiwan electric deal

Wed, 30 Mar 2011 11:07:23 GMT

French engineering giant Alstom said Wednesday it had signed a 300-million-euro (422 million dollar) contract to operate and maintain Taiwan's Hai-Fu combined cycle gas turbine...

Alstom Power to modernize 145MW LMZ steam turbine at Oulu Energy in Finland

Fri, 25 Mar 2011 18:04:04 GMT

Alstom Power, a company specialized in the manufacture and supply of transport and energy infrastructure, has received the modernization contract of the high pressure section of a 145MW LMZ steam turbine at Oulu Energy's Toppila unit 2 power plant in Oulu, Northern Finland.

Alstom to cut 1,380 jobs in Germany, Italy, Spain

Tue, 22 Mar 2011 07:04:10 GMT

French engineering giant Alstom group on Tuesday announced plans to cut 1,380 jobs in Germany, Italy and Spain from its transport division "to address the lower demand in these...

Alstom to cut 1,380 jobs in Germany, Italy, Spain

Tue, 22 Mar 2011 07:02:32 GMT

French engineering giant Alstom group on Tuesday announced plans to cut 1,380 jobs in Germany, Italy and Spain from its transport division "to address the lower demand in these...

French company growing at Speers Industrial Park

Sat, 05 Mar 2011 13:02:23 GMT

Seeking a greater presence in the growing U.S. energy market, Alstom chose Speers for its new plant.

Alstom to relocate nuclear part production: union

Thu, 17 Feb 2011 10:08:43 GMT

French engineering giant Alstom is planning to relocate from France to Mexico production of a part used for nuclear power plants, a union source told AFP Thursday.Alstom...