https://feeds.thelocal.com/ Read the latest news and views from France in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed US conglomerate General Electric will have to pay millions of euros in penalties in France if it fails to uphold its pledge to create 1,000 new jobs by year end, a government official said Sunday. https://www.thelocal.fr/20180618/us-energy-giant-general-electric-face-millions-in-penalties-over-french-jobs-pledge Mon, 18 Jun 2018 11:16:59 +0200 us-energy-giant-general-electric-face-millions-in-penalties-over-french-jobs-pledge EU competition regulators launched Monday a probe into US group General Electric's planned €12.4-billion ($14.1-billion) acquisition of the energy business of French rival Alstom. https://www.thelocal.fr/20150223/eu-probes-12-billion-ge-alstom-deal Mon, 23 Feb 2015 18:29:00 +0100 eu-probes-12-billion-ge-alstom-deal The French government gave its stamp of approval on Wednesday for the sale of Alstom's energy arm to US group General Electric, a move that seemed unlikely earlier in the year. https://www.thelocal.fr/20141105/france-gives-green-light-to-ge-takeover-of-alstom Wed, 05 Nov 2014 09:19:12 +0100 france-gives-green-light-to-ge-takeover-of-alstom The French government were claiming victory on Sunday after clinching a deal to become the main shareholder in Alstom. That move will pave the way for General Electric to buy the French group's energy arm, which had seemed unlikely back in April. https://www.thelocal.fr/20140623/france-buys-stake-in-alstom-topave-way-for-ge-deal Mon, 23 Jun 2014 10:58:00 +0200 france-buys-stake-in-alstom-topave-way-for-ge-deal The battle for French engineering giant Alstom neared the finish line on Friday with rivals General Electric and Siemens, Mitsubishi both sweetening their offers in a bid to convince the President François Hollande and the government. https://www.thelocal.fr/20140620/us-and-german-rivals-in-bidding-war-for-alstom Fri, 20 Jun 2014 11:18:08 +0200 us-and-german-rivals-in-bidding-war-for-alstom The battle to take control of Alstom intensified on Tuesday, with Siemens and Mitsubishi seeking to thwart a bid by GE by inviting the French state to take a stake in the energy and rail company. GE says it will not enter a bidding war. https://www.thelocal.fr/20140618/alstom-general-electric-mitsubishi-siemens Wed, 18 Jun 2014 10:33:46 +0200 alstom-general-electric-mitsubishi-siemens A takeover battle for parts of French power and rail group Alstom heated up on Wednesday, with US group General Electric promising to create 1,000 jobs in France, a source close to the matter said. https://www.thelocal.fr/20140528/ge-pledge-to-create-jobs-in-bid-to-win-alstom Wed, 28 May 2014 15:59:03 +0200 ge-pledge-to-create-jobs-in-bid-to-win-alstom US giant General Electric has bowed to a request from the French government to extend the deadline on its offer to buy Alstom's energy arm. Paris appears to be still holding out for German group Siemens to improve its own offer. https://www.thelocal.fr/20140523/general-electric-alstom-grants-paris-more-time Fri, 23 May 2014 11:54:00 +0200 general-electric-alstom-grants-paris-more-time The French government will have a greater say over investments from abroad after granting itself new powers to veto takeover bids from foreign companies. The move comes just as US giant General Electric is battling to take over French group Alstom. https://www.thelocal.fr/20140515/france-foreign-takeovers-investments-general-electric Thu, 15 May 2014 10:22:00 +0200 france-foreign-takeovers-investments-general-electric The French government on Monday rejected a bid by US industrial giant General Electric for Alstom's energy business, calling for a "balanced partnership" that could include a rail deal. https://www.thelocal.fr/20140506/france-rejects-ge-bid-for-alstom-in-current-form Tue, 06 May 2014 11:03:00 +0200 france-rejects-ge-bid-for-alstom-in-current-form The board of French engineering group Alstom voted on Tuesday to accept a €12.35 billion takeover bid from US giant General Electric for its energy arm. The move will not go down well with the French government, who have appeared to favour a rival offer from Siemens. https://www.thelocal.fr/20140430/alstom-board-accepts-1235-bn-from-general-electric Wed, 30 Apr 2014 10:44:00 +0200 alstom-board-accepts-1235-bn-from-general-electric As the future of French engineering jewel Alstom looks set to be decided in a bidding war between General Electric and Siemens, French ministers have tried to show they are in control of its destiny. But analysts say it's all for show and won’t change the outcome. https://www.thelocal.fr/20140429/alstom-general-electric-siemens-france Tue, 29 Apr 2014 20:52:00 +0200 alstom-general-electric-siemens-france French engineering group Alstom looked set to be the centre of a takeover tussle between US giant General Electric and Germany's Siemens on Tuesday as French President François Hollande said his chief concern was to protect jobs. https://www.thelocal.fr/20140429/siemens-vs-ge-battle-for-alstom-heats-up Tue, 29 Apr 2014 10:55:00 +0200 siemens-vs-ge-battle-for-alstom-heats-up