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In the Marketplace
GE Energy of Atlanta has signed a contract to acquire Dresser, Inc., a global energy infrastructure technology and service provider. The $3 billion deal, which includes technologies for gas engines, control and relief valves, measurement, regulation and control solutions for gas and fuel distribution, will expand GE's core energy offerings and extend its reach into adjacent offerings for its energy and industrial customers around the world. Dresser is based in Addison, TX, and operates in more than 100 countries, delivering compression, flow technology, measurement and distribution infrastructure and services. The company had revenues of $2 billion and earnings of $318 million in 2009.
The Dresser acquisition continues a series of three recent actions in GE's energy business. The company announced a joint venture in China to grow in the world's largest wind market. Second, GE has purchased assets of Calnetix Power Solutions, which expands GE's capabilities to recover waste heat from industrial processes for electricity generation and will also complement GE's gas engine business. In addition, GE signed a $700 million contract with Saudi Electricity Company for a new, high-efficiency power plant in Riyadh, Saudi Arabia.
GE Energy of Atlanta has signed a contract to acquire
The Dresser acquisition continues a series of three recent actions in GE's energy business. The company announced a joint venture in China to grow in the world's largest wind market. Second, GE has purchased assets of Calnetix Power Solutions, which expands GE's capabilities to recover waste heat from industrial processes for electricity generation and will also complement GE's gas engine business. In addition, GE signed a $700 million contract with Saudi Electricity Company for a new, high-efficiency power plant in Riyadh, Saudi Arabia.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
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