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GE Power Chief Executive Officer Russell Stokes first mentioned the problem at the bottom of a post on its LinkedIn internet page on Wednesday, without identifying the plant or providing details. “The minor adjustments that we need to make do not make the HA any less of a record setting turbine – they are meeting – and in many cases exceeding – their performance goals at every customer site today,” Stokes wrote. GE has received 82 orders for the HA turbine, which entered service in Bouchain, France, in 2016, and subsequently set a Guinness World Record for its high energy efficiency.
WASHINGTON (Reuters) - AT&T Inc (T.N) on Thursday asked a federal appeals court to reject the Justice Department’s challenge to its acquisition of Time Warner, saying the government gucci cufflinks amazon had offered no basis for second guessing key conclusions of a ruling upholding the transaction, The government is appealing U.S, Judge Richard Leon’s ruling in June that AT&T’s $85.4 billion acquisition of Time Warner could proceed, The government had said it would lead to higher prices for consumers and was illegal under antitrust law..
AT&T has said it would manage Time Warner’s Turner cable television networks as part of a separate business unit until February 2019 or the conclusion of the government’s appeal. AT&T’s brief said the government did not meet its burdens. “In the crucible of litigation, DOJ’s claims were exposed as both narrow and fragile,” the company argued. The Justice Department declined comment. The merger, announced in October 2016 and closed on June 14, was opposed by President Donald Trump. The merged company includes CNN, a frequent target of Trump’s ire.
AT&T’s brief noted the government’s lawsuit was the “first litigated challenge to a vertical merger in four decades, prompting many press outlets to question whether the gucci cufflinks amazon White House had improperly influenced DOJ’s decision to bring the case.”, Leon “quashed discovery into that issue, effectively limiting the trial to the fundamental question” of if the deal violated U.S, antitrust law,” AT&T added, In August, the Justice Department said Leon failed to take into account how companies negotiate with each other and seek to maximize profits in considering the Justice Department’s arguments about how the deal would decrease competition..
In its brief, the government argued the court should have concluded that the merger would give Time Warner more clout at the bargaining table. Leon ignored evidence regarding how companies use leverage to bargain with each other and failed to consider corporate efforts to increase their revenues, the government argued. The court’s errors “colored the court’s view of the facts, leading to a decision that is clearly erroneous in light of the evidence presented at trial,” the Justice Department said.
FRANKFURT (Reuters) - Carmaker Opel, a unit of France’s PSA Group (PEUP.PA), is planning to further scale back production at its Ruesselsheim plant, a local newspaper group reported on Friday, The company aims to cut production to 35 from 42 vehicles per hour, having lowered the output to 42 vehicles only last month, the VRM Gruppe, which publishes several local newspapers, reported on Thursday, The plans have not yet been approved, VRM said, VRM also said, citing an internal memo to employees, that the plant’s management gucci cufflinks amazon has filed for seven so called “corridor days” between Oct.1-29, which effectively means no production will take place those days as workers are reducing overtime..
WASHINGTON (Reuters) - U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices. “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!” Trump wrote on Twitter. (This version of the story has been refiled to add quote marks in headline to reflect that President Trump in his tweet called OPEC a monopoly. OPEC is an organization of oil producers but not a monopoly.).
(Reuters) - Eli Lilly unit Elanco Animal Health Inc’s (ELAN.N) shares jumped as much as 41 percent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing pet healthcare market, Elanco’s shares opened at $32.25 on the New York Stock Exchange, higher than their IPO price of $24 per share, giving the gucci cufflinks amazon company a market value of $11.49 billion, As of 1641 GMT, the shares hit a high of $33.85, The company raised $1.51 billion from the offering, which it expects to largely pass on to Eli Lilly and Co (LLY.N)..