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Power Solutions International, Inc. latest news:
Hitachi Launches New Business Entity Hitachi Vantara To Solve Business And Societal Challenges
Hitachi, Ltd. has launched Hitachi Vantara, a new business entity to leverage the broad portfolio of innovation, development and experience from across Hitachi Group companies to deliver data-driven solutions for commercial and industrial enterprises.
This new company will unify the operations of Hitachi Data Systems, Hitachi Insight Group, and Pentaho into a single integrated business as Hitachi Vantara to capitalize on Hitachi’s social innovation capability in both operational technologies (OT) and information technologies (IT).
OT Expertise Combined With IT
Hitachi has been in OT for industries such as finance, government, manufacturing, power/energy and transportation for over 100 years, providing solutions that have positively impacted cities, industrial operations and businesses at large. The company has also been prominent in IT for over 50 years—bringing IT applications, analytics, content, cloud, and infrastructure...
BRIEF-Hammond Power Solutions reports qtrly earnings C$0.14/shr
* Hammond power solutions inc. -- robust momentum continues
in quarter 3, 2017
ABB buys GE business for $2.6 billion in bet it can boost margins
ZURICH (Reuters) - Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion on a bet that it can improve lackluster margins at the unit over the next five years, the Swiss engineering company said on Monday.
Defense companies rise after Trump speech on Afghanistan
Shares of companies in the defense industry rose on Tuesday, after President Donald Trump said he intended to step up the fight against extremists and Taliban forces in Afghanistan, something that could lead to increased military spending. The SPDR S&P Aerospace & Defense ETF , an exchange-traded fund that tracks the sector, rose 1%, while the PowerShares Aerospace & Defense Portfolio was up 0.6%. The iShares U.S. Aerospace & Defense ETF rose 0.8%. Among specific companies, Lockheed Martin Corp. rose 0.7% on the day while L3 Technologies Inc. was up 1.2% and Kratos Defense & Security Solutions Inc. climbed 2.2% as one of the biggest percentage gainers in the sector.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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