Mitsubishi Heavy Files Suits Against GE

Reuters - Mitsubishi Heavy Industries Ltd said on Monday a U.S. District Court has denied a motion by General Electric Co to dismiss litigation that charges GE with trying to monopolize the U.S. market for variable speed wind turbines.

Apple experienced a sudden air pocket dip (which was promptly bought) after a Bloomberg report that Qualcomm has filed lawsuits in China seeking to "ban the sale and manufacture of iPhones in the country," a move which is the chipmaker’s biggest shot at Apple so far in a bitter legal fight between the two companies.

General Electric Company (GE) faces tough competition for its $16.9 billion bid to acquire Alstom UNSP ADR (ALSMY) after Siemens AG (ADR) (SIEGY) and Mitsubishi Heavy Industries (MHVYF) made an official bid for the French industrial conglomerate’s gas turbine business.

German engineering group Siemens a

General Electric Company (GE) has finally won a battle against Siemens AG (ADR) (SIEGY) and Mitsubishi Heavy Industries (MHVFY) over Alstom UNSP ADR (ALSMY) after the French Government announced it will enter an alliance with the US industrial conglomerate.

ByAlbert Alfonso:General Electric's (GE) bid for France based Alstom (OTCPK:ALSMY) has been turning into a bit of a circus. Both companies seem to be very close to sealing their $17 billion deal.