July 10, 2007 |
General Electric Co. and Hitachi Ltd. on Monday launched a joint nuclear business to capitalize on rising demand for electricity and increasing concerns about carbon dioxide emissions from coal-fired power plants. John Krenicki, president and chief executive of GE Energy, said that nuclear plants produced virtually no carbon gases and that reactors could take the place of aging power plants that rely on fossil fuels.
November 14, 2006 |
U.S. conglomerate General Electric Co. and Japan's Hitachi Ltd. said Monday that they planned to pool their nuclear units in a $2-billion enterprise they hoped would capture more contracts as power suppliers gear up to build a new generation of plants. The two companies, which already have a joint venture for nuclear fuels, have also teamed up on a bid to build a nuclear power plant that merchant power company NRG Energy Inc. aims to build in Texas.
November 19, 2003 |
Gateway Inc., a personal computer maker that has had losses in 11 of the last 12 quarters, will sell server computers with Linux software and resell data-storage machines made by Hitachi Ltd. to boost sales to businesses. The average unit price for the storage machines is $50,000, Poway, Calif.-based Gateway said. The servers, used by companies to run networks and Web sites, will use a version of the Linux operating system developed by Suse Linux, which has agreed to be acquired by Novell Inc.
December 3, 2002 |
The Federal Trade Commission has approved IBM Corp.'s $2.05-billion sale of most of its hard-disk drive assets to Japan's Hitachi Ltd., the companies said. The deal still needs approval from Mexican regulators, an IBM spokesman said, adding that IBM expects the deal to close by the end of the year. The companies plan to combine their hard drive assets into a joint venture in which Hitachi initially will have a 70% stake. Hitachi plans to take full ownership of the venture after three years.
September 12, 2002 |
Hitachi Ltd., Japan's biggest electronics maker, issued a profit warning for its fiscal first half ending Sept. 30, confirming recent market fears of an earnings setback in Japan's high-tech sector. The company blamed the revisions on currency swings and isolated problems at a few divisions, but the firm made it clear that the business environment had worsened in the current quarter and uncertainty loomed for the second half of the year.
September 1, 2001 |
Hitachi Ltd., Japan's biggest private employer, said it will slash 14,700 jobs, or about 4.5% of its work force, joining rival electronics companies cutting costs as global demand slumps. Tokyo-based Hitachi will cut 10,200 jobs in Japan--7,200 by attrition and 3,000 through early retirement--and 4,500 overseas by March 2002 as it reorganizes its chip and computer display businesses, the company said. Toshiba Corp., Fujitsu Ltd. and NEC Corp. already have announced job cuts.